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PUBLIC DOCUMENT. No. 8. 



ANNUAL REPORT 



or THE 






Board of Commissioners 



OF 



SAYINGS BANKS. 



1887. 



BOSTON : 

WRIGHT & POTTER PRINTING CO., STATE PRINTERS, 

18 Post Office Square. 

1888. 



MAY U -y^i 






aTommonroealtl) of Jflassactjuaette- 



Office of the Commissioners of Savings Banks, 

Commonwealth Building, Boston, Dec. 31, 1887. 

To the Honorable the Senate and House of Representatives, in General 
Court assembled. 

The Board of Commissioners of Savings Banks, in accord- 
ance with provisions of law, respectfully submit this their 
twelfth annual report, relating to the condition of the 

Savings Banks, 

Institutions for Savings, 
Loan and Trust Companies, and 
Co-operative Banks, 

as shown by the respective statements appended. 

The total number of Savings Banks and Institutions for 
Savings is 173, a gain of one. 

The Conway Savings Bank of Conway commenced busi- 
ness April 18, 1887, and has succeeded very well. Being 
somewhat remote from railroad communication it can hardly 
be expected to grow very rapidly or become very large, 
but well supplies a want of that locality. 

The West Newton Savings Bank also commenced business 
the present year, viz., May 1, 1887. 

The Shawme Savings Bank of Sandwich discontinued 
business this year, or may perhaps more properly be said, 
never commenced. It reported as opening for business July, 
1886, but received only one deposit and that has been re- 
turned to the depositor and the office closed. It has main- 
tained its charter active by holding its annual meeting. 

The failure of a savings bank in this place not many years 
ago served to shake the confidence of the community in 
such institutions, and the advent of a co-operative bank this 
year, no doubt contributed largely to the lack of success of 
this savings bank. 



iv BANK COMMISSIONERS' REPORT. [Jan, 



Framingham Savings Bank. 

This bank is still under the injunction of the Supreme 
Judicial Court, though by various modifications thereof it is 
now permitted to transact all business, save the receiving 
and paying of deposits. 

It is steadily and constantly gaining in financial strength, 
and unless it meets with loss in its present and recent invest- 
ments, which hardly seems probable, will pay its depositors 
the full amount of their principal. 

The injunction will be removed as soon as safe for the 
best interests of the depositors, but must be retained suffi- 
ciently long to control the investments, also the property in 
the hands of trustees for conversion, that the largest returns 
possible may be derived therefrom. 

A full statement of its condition will be found on page 191. 

Banks in the Hands of Receivers. 

Lancaster Savings Bank. 

The suit to recover funds on deposit in the Lancaster 
National Bank (the president, W. H. McNeil, who was also 
one of the receivers of the Lancaster Savings Bank, having 
absconded) is still pending. Until this suit is decided the 
final dividend which has been declared cannot be paid. 

The funds in question were deposited preparatory to the 
payment of this final dividend, but the absconding of the 
president developed questions and liabilities regarding 
the sum on deposit which the courts alone can decide. 

Of the three receivers originally appointed one has died, 
one is incapacitated for business, the other absconded. The 
bondsmen of Elisha Brimhall deceased, — H. C. Greeley and 
G. W. Howe, — were appointed receivers in his place by the 
Supreme Judicial Court, 1887, and are now in full control. 

Reading Savings Bank. 

The suits to recover certain securities in the possession of 
other parties are still pending and delay the presentation 
of the final account of the receivers. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



There is reasonable expectation that these suits will be 
decided or arranged the coming year. 

Scituale Savings Bank. 

The receivers of this bank have paid the dividends due, 
to all the depositors, and the books and papers have been 
placed in the possession of this Board as required by law. 

North Bridgewater Savings Bank. 

The affairs of this bank are virtually closed, and the books 
and papers will be deposited with this Board, as required 
by statute, in March next. 

An analysis of the annual reports of the banks is shown 
in the following tables : — 



Rates of Dividends, 
Showing Comparisons with Oct. 31, 1886. 





Increase. 


Decrease. 


6 


Savings 


Banks and Institutions for Savings paic 


5 per cent., 


2 


- 





(< 


<< 


«< 


IC n <« <c 


4| " 


- 


1 


18 


(> 


(< 


i< 


<( <( (< (( 


4i « 


Same as 


last year 


3 


(c 


<( 


<< 


(C <( CI <( 


4 l w 


- 


4 


133 


« 


«( 


<< 


II cc (( (( 


4 " 


5 


- 


2 


<< 


« 


c< 


<< (( (( II 


31 « 


1 


- 


7 


<< 


(i 


<i 


<< (C it CI 


3| « 


1 


- 


1 


<< 


it 


(C 


CC <( (( (( 


3 


- 


2 


3 


(i 


<< 


did not declare a dividend. * 








173 

















Average rate of dividends, 4.06 per cent. 

Total amount of dividends for the year, .... $11,316,303 57f 
(The highest rate of dividend allowed by statute is 2| per cent 
semi-annually.) 

* The Framingham Savings Bank, under injunction of the Supreme Judicial Court, and 
the West Newton and Conway Savings Banks, which commenced business this year, have 
not paid dividends. 

f Including extra dividends amounting to $160,862.77 



VI 



BANK COMMISSIONERS' REPORT. [Jan. 



Aggregate Statement of Investments and Liabilities, 

Showing Increase or Decrease as Compared with Year ending Oct. 

31, 1886. 

Investments. 



Classification. 



Amount Oct. 31, 

1SS7. 



Increase. 



Decrease. 


°o 
£ m aj 

g ej to 

«*£ 
a> o o 
Qui 


$3,010,222 74 


.0695 


- 


doubled 


- 


.0048 


- 


.0140 


- 


.23+ 


- 


6 times 




.0566 


$14,929 51 


.0062 


383,015 64 


.1323 


- 


.0676 


- 


.1062 


245,458 97 


.0272 


3,795,864 33 


.3297 


118,978 13 


.1836 


- 


.4978 


247,707 70 


.2882 



1-1 o . 

fco"£ 

"I- 

oil w 

*. <u 2 



Public Funds, . 

Loans on Public Funds 

Bank Stock, 

Loans on Bank Stock, 

Railroad Bonds, 

Loans on Railroad Bonds 

Loans on Railroad Stocks, 

Railroad Notes, 

Real Estate (for bank 
ing purposes), 

Real Estate by fore 
closure, . 

Loans on Real Estate, 

Loans on Personal Secu 
rity, 

Loans to Counties, Cities 
or Towns (Notes), 

Deposits in Banks, on 
interest, . 

Deposits in Banks, not 
on interest, . 

Loans to Massachusetts 

Loans on Depositors 
Books, . 

Sundry Assets, 
Cash on hand, . 



$40,304,051 02 

903,165 00 

26,850,920 79 

1.431.092 38 
21,185,901 79 

171,050 00 

232,525 00 

3,080,000 00 

2,390,409 26 

2.512.093 27 
119,792,832 88 

78,518,753 22 

8,791,579 34 

7,717,976 54 

528,942 63 
950,000 00 

215,156 85 

909,328 90 
611,720 50 



$462,480 00 

128,408 11 

19,807 54 

3,960,933 42 

147,100 00 

new class of 

$165,000 00 



7,583,954 29 
7,122,238 39 



1 • " 

I 

y 688,151 73 

I 



.127 

.0028 

.085 

.0045 

.067 

.0005 

.0007 

.0097 

.0076 

.0078 
.3778 

.2476 

.0277 

.0243 

.0017 
.0029 

.0007 

.0028 
.0019 



Liabilities. 



Classification. 


Amount Oct. 31, 

1887. 


Increase. 


Decrease. 


Per Cent. 
Increase 

or 
Decrease. 


Deposits 


$302,948,624 08 


$11,750,723 12 


- 


.0404 


Guaranty Fund, .... 


8,631,746 58 


1,094,491 58 


- 


.1452 


Earnings undivided, . 


5,202,170 59 


- 


$188,924 65 


.0350 


Sundry Liabilities, 


314,958 12 


38,131 41 


- 


.1377 



1888.] PUBLIC DOCUMENT — No. 8. vii 

Analytical Statement. 



Deposits, Withdrawals, etc. 




Increase. 




150,274 
892,693* 
604,415 
$59,254,998 04* 
66 38* 
58,861,246 33 
97 39 
747,295 32f 
15,286,193 26 
11,316,303 57 


7,799 
62,230 

$7,963,530 74 

3 51 

49,207 60 

1,257,370 99 

811,441 88 



* Owing to a change in the form of return no comparison of these items is practicable. 
t Being .0024 per cent, of assets. 

Increase in Business. 

Since 1879, when the amount had fallen to $2(X6, 3 7 8, 709. 53, 
there has been an increase in the deposits in savings banks 
of $96,569,914.55 ; during the same period 11 trust com- 
panies and 41 co-operative banks have been incorporated, 
and there are now under the supervision of this Board, in 
active operation, — 



173 savings banks with assets of 
11 trust companies " " " 
and 51 co-operative banks " " 

An aggregate of 



$317,097,499.37 

54,421,350.45 

4,211,948.86 

$375,730,798.68 



The law requires the commissioners to visit each of these 
institutions as often as once in every year ; this requires the 
expenditure of considerable time in travelling, in addition to 
that spent in making the examinations, which duty involves 
close scrutiny of securities and investments, of books and 
accounts, as well as all the proceedings of the corporations, 
in order to detect any failure on the part of the officers to 
comply with the requirements of statute. Much additional 
time is required for the performance of other duties inci- 
dental to the office. 

The continued increase of business by the savings banks 
and trust companies, the organization of new, and the rapid 



viii BANK COMMISSIONERS' REPORT. [Jan. 

growth of the older co-operative banks, has so enlarged the 
duties of the commissioners as to cause them to believe the 
time has arrived when some provision should be made to 
meet the demands made upon them by the present and pro- 
spective increase of their labors. 

Officers, Meetings, Members. 

The intention of the statute relating to trustees attending 
meetings is obscure. The construction now put upon the 
law is that a trustee absenting himself from the regular 
meetings held for six consecutive months (usually the 
quarterly meetings) is deprived of his office, however 
strict and prompt he may have been in his attention upon 
all other duties during the same time, a manifest injustice 
to such a trustee, and liability of a great injury to the bank 
is apparent. 

A trustee may have performed very valuable services to 
the institution as a member of the investing committee, or 
other duty, and yet by simple non-attendance at two meet- 
ings be deprived of his standing as a member, and the bank 
lose its most valuable officer. 

A trustee who faithfully serves the interests of the bank, 
and without pay, is entitled to proper recognition and 
appreciation of his services under the law, and while the 
necessity exists of imperatively requiring certain duties to 
be performed, its requirements should not be so arbitrary 
as to embarrass the institution. 

We suggest that the law be changed to remedy this, but 
still observe and strenuously protect these institutions from 
any neglect of duty on the part of their officers. 

Provision is made in the law for increasing the number of 
corporators, but not for removal of same, except by resig- 
nation or removing from the Commonwealth. 

As time has elapsed the list of corporators of some of 
these institutions has become encumbered with names of 
those who take no interest in them, — perhaps they have 
moved to distant parts of the State, or have become incapac- 
itated to hold membership from various causes, and it would 
seem proper and wise that provision should be made for such 
cases. 



1888.] PUBLIC DOCUMENT — No. 8. ix 

It is therefore suggested that removal from the city or 
town where such bank is located, or failure to attend three 
consecutive annual meetings, may be deemed sufficient 
reasons to declare the membership of such corporator for- 
feited, by vote at an annual meeting, — notice of such pro- 
posed action being given the corporator by mail, at least 
three months prior to such annual meeting. 

Such action and vote recorded shall be considered evi- 
dence of forfeiture of membership. 

Auditing. 

Thorough examination of these financial institutions is 
one of the most important duties devolving upon its officers, 
but in many cases does not receive the attention and care it 
ought. 

Local auditing, when thoroughly done, is the best and 
most satisfactory ; but when performed in a cursory manner 
becomes of no importance and loses even its effect of moral 
restraint. Too often does it partake of this character, and 
not an unusual reason assigned is, the unlimited confidence 
placed in the official interested. 

While it is true that business cannot be transacted with- 
out confidence in others, the fact that such confidence exists 
does not relieve the duty of thorough examination, however 
long an officer has held his position, or however high his 
business or social standing may be, or the degree of confi- 
dence placed in him. 

Another excuse sometimes offered is " lack of time suffi- 
cient to make it thorough," and the only reply is, don't 
assume this responsibility. 

This lack of time, etc., it seems to us, however, can be very 
satisfactorily met by authorizing the auditing committee to 
employ some person who is familiar with accounts (not nec- 
essarily an expert accountant), who shall devote sufficient 
time to the examination of the books and accounts as to be 
reasonably certain that no systematic fraud is being prac- 
ticed. Such labor might be expended at one time (deter- 
mined of course by the size of the bank) or distributed 
through the year by weekly, monthly or quarterly examina- 
tions, and report made to the committee, thus relieving 



x BANK COMMISSIONED' REPOKT. [Jan. 

them of clerical duties and furnishing satisfactory and re- 
liable information. 

In every locality there are individuals whose time is not 
wholly occupied who could be employed to perform this 
duty at a remuneration which would not be burdensome to 
the bank. 

Investments. 

An examination of the statistics relating to investments, 
given on page vi, the gain over last year and the ratio of 
each class to total assets is particularly interesting, as show- 
ing the favorite lines of investment and their steady increase. 

In considering these figures it is well to note the amount 
so invested as to be of service to home industries. Saving's 
banks are considered as being of double value to the com- 
munity, inasmuch as they encourage savings of the people, 
and the money deposited is used at home. 

It will be observed that investments are mostly made 
within our own Commonwealth, the exceptions being in 
public funds, railroad bonds and (a very small amount) in 
stock of banks outside the State. A careful estimate sub- 
stantiates the fact that at least seven-eighths of the total 
amount of savings banks deposits are doing service within 
our own borders ; of the remaining one-eighth, no incon- 
siderable amount is of United States bonds, which can hardly 
be said to be wholly foreign to our local interests. 

Of the capital stock of the national banks in this Com- 
monwealth over one-quarter part is held by our savings 
banks. 

The limit of investment in any one bank of three per 
cent, of its deposits, judiciously protects against loss, under 
the power of assessment by the United States laws, though 
in the larger institutions this proportion affords ample 
opportunity for sizable loss. The experience and liability 
of the savings banks, in this direction, is brought to our 
attention by the decision of the United States courts in the 
case of the Pacific Bank, and suggests great care in invest- 
ing in this class of securities. 

A slight increase will be seen in loans on personal security. 
Commercial paper, or trade notes, which characterized this 



1888.] PUBLIC DOCUMENT — No. 8. xi 

line to considerable extent last year, has almost entirely dis- 
appeared. What remains will be paid or changed to legal 
form at its maturity. 

This class of investments, which was looked upon in its 
incipiency as exceptional, has become one of the leading 
ones, — attractive and growing, — presumably because it 
commands and produces a higher rate of interest, which 
fact indicates greater risk and properly suggests conserva- 
tive management. It lies closer to the financial interests, 
which are affected by commercial risk and disaster, than any 
other class of savings bank investments. It has been the 
purpose of legislation to keep savings banks as free as pos- 
sible from exposure and injury arising from commercial 
disturbances, and in the opinion of this Board, wisely so, 
and should be so continued. It is our opinion that the pro- 
visions of the law as to investments in personal securities 
are as liberal as previous legislation and sound financial policy 
would approve or allow. 

Collaterals to these loans have been taken quite extensively 
and have greatly improved and strengthened them ; though 
not of a legal character the additional strength is to be com- 
mended and recommended, and coupled with principal and 
two sureties affords the strongest form of loans on personal 
security. 

But one-third of one per cent, of the total assets remains 
in the hands of the banks as ' ' cash on hand " and on deposit 
in banks "not on interest," and thus uninvested; slightly 
less than 2| per cent, is deposited in banks on interest, 
making but 2 J per cent, of the total assets uninvested, 
and lying in the possession of banks as < ' cash on hand " and 
in national banks drawing a low rate of interest. Thus it 
will be seen that a statement not infrequently made, that 
savings banks cannot readily invest their deposits and 
income is not sustained by facts. 

With this in view, and the further consideration that security 
with a fair dividend to the depositors is, has been, and should 
be the leading principle of these institutions, and greatly 
preferable to extended and perhaps commercial risks for the 
sake of larger returns, the wisdom of enlarging the field of 
investments may well be called in question. 



xii BANK COMMISSIONERS' REPORT. [Jan. 

For the sake of uniformity of expression in the law, and 
action by the banks, more particularly as to investments 
where percentage is involved, we recommend a change in 
the phraseolog} r of the law. Such action would not materi- 
ally effect pro or con the extent of the various investments, 
but would harmonize opinions and action. 

Railroad Bonds. 

In consequence of the complications arising from the leas- 
ing and consolidation of numerous railroads in New England 
within the past few years, investments in these securities 
have become somewhat uncertain, not as regards their finan- 
cial strength, but as to their position under the statute, reg- 
ulating investments in the bonds and notes of railroad 
companies. 

The bonds of several New England railroad companies, 
excellent investments of themselves, and their financial 
strength enhanced by a lease or consolidation, are now 
debarred from our savings banks and institutions for savings, 
owing to the complications referred to. These bonds are 
not indicated in the several returns as illegal investments 
because of the difficulty and delay in arriving at all the facts 
relating thereto. 

Legislation will be required to legalize certain investments 
already made, and also to provide for the future. 

In this connection the Board desires to call attention to 
the statute regarding loans on this class of securities ; while 
it is permissible to invest the funds of the banks in these 
securities to the extent of their full market value, loans to 
individuals with a pledge of these securities as collateral can 
only be made for 80 per cent, of their par value. 

It certainly seems inconsistent not to allow institutions, 
when having the additional security of a promissor, to loan 
as much as they can invest without such security, and we 
recommend a change of the law in this respect. 

Extra Dividends. 

Under the provisions of the law extra dividends are re- 
quired to be paid periodically. The statute is ambiguous 



1888.] PUBLIC DOCUMENT — No. 8. xiii 

and leaves the precise time for the payment of these divi- 
dends very much in doubt. It is also a grave question 
whether it is wise to make it an imperative duty to pay an 
extra dividend at any particular time ; certainly whether it 
shall be done before the guaranty fund, as now established 
by law, has reached the limit of five per cent, of the whole 
amount of deposits. 

The element of safety and security should enter largely 
and principally into all considerations relating to our savings 
banks. 

Losses will occur, as is the history of all transactions, 
and they must be provided for. Rather than deduct them 
from the principal of deposit certain reserves should be 
made and maintained to meet such demands ; and in a great 
measure the accumulation of such reserve can be left to the 
wisdom, experience and sagacity of the managers of these 
institutions. 

The guaranty fund as now established, requiring a certain 
proportion of the profits to be carried to its credit every six 
months, cannot be used to repair loss until it has reached 
the limit of five per cent, of the whole amount of deposits ; 
and by requiring extra dividends to be paid at specific times 
it will be readily seen that under the present provisions of 
law but small margin is left from the profits to meet con- 
tingencies. 

In view of the slow accumulation of the guaranty fund, 
especially when only the minimum amount required by stat- 
ute is carried to its credit, it is our opinion that the best 
interests of the depositors will be subserved if a reserve 
fund, say of two per cent, of the deposits and income thereof, 
be established, to be used whenever occasion requires to re- 
pair losses ; and that the payment of extra dividends be 
neither required nor permitted until such reserve has accumu- 
lated, and the maximum amount required by statute been 
carried to the credit of the guaranty fund, semi-annually, 
for the term of three years preceding the declaration of such 
extra dividend. 



xiv BANK COMMISSIONERS' REPORT. [Jan. 

Classification of Depositors' Accounts. 

Attention is especially called to the classification of depos- 
itors' accounts into divisions of S50 and less ; exceeding 
S50 and not more than $100 ; exceeding $100 and not more 
than $200, and so on ; and to their utter failure to furnish 
the information, evidently intended by the statute, to any 
degree whatever of fairness or correctness. 

These figures cannot be relied upon above the divisions of 
$200 to convey a proper impression, and do not compensate 
for the large amount of extra labor entailed upon the officers 
of the banks, and extra expense these institutions have 
incurred (which is no small amount) to supply the infor- 
mation. 

The purpose of the law undoubtedly was to ascertain the 
number and amount of deposits made by capitalists, or per- 
sons for whom savings banks were not especially designed ; 
but does it ? One illustration will suffice : — 

The aggregate number of deposits of $1,000 and more is 
110,737 and the amount is S131,779,298.73. A first glance 
would suggest that this represents the number and amount 
deposited by wealthy people and should be eliminated from 
savings banks, which is erroneous. The fact is, it represents 
the original deposits and their accumulations ; in some in- 
stances, as in the case of the older institutions, they are 
small deposits allowed to accumulate, — just the ones the 
banks were established for. It represents also the deposits 
of guardians, and for trust, religious, and charitable purposes. 
Thus it will be seen that a fair inference is that a large 
majority of this number and amount is properly deposited 
in the savings banks. 

AVhat is true of this classification is also true of the others, 
and it can be safely said to utterly fail to meet the evident 
purpose of the law. 

It is our opinion that this purpose will be more reliably 
attained by requiring such classification to be made yearly, 
but applied to deposits made during the year; thus showing 
the amount of first deposits, not deposits and accumulations 
of years. 

We recommend the amending of the law relating to annual 
returns. 



1888.] PUBLIC DOCUMENT — No. 8. xv 

Loan and Trust Companies. 

Within the year eight of these companies have been 
chartered, two have commenced business and three are soon 
to do so, having been delayed by erection of buildings or 
preparation of deposit vaults, while three have not availed 
themselves of the privileges of their charter. 

The rapid growth in number and amount of assets of these 
institutions is noticeable ; total number chartered, including 
Massachusetts Hospital Life Insurance Company and Collat- 
eral Loan Company, is seventeen ; total assets $54,421,350.45, 
an increase of $2,071,363.48. 

The wide scope given the trust companies for investments 
affords them ample opportunities for profitable returns, 
while the safeguards thrown around them, particularly in 
their trust departments, places them upon a high level as 
financial institutions of this State. 

The great diversity of their charters, however, presents 
difficulties which would be overcome by the uniformity 
required under a general law. The companies established 
the past two or three years are nearly alike, but those char- 
tered earlier differ materially. The great success attending 
these companies, their rapid and firm growth and recognition 
as State institutions, approaching that of State banks, sug- 
gest the propriety and importance of making a general law 
covering them, before they grow so strong numerically, their 
diversity of chartered rights so great, and their line of busi- 
ness so well defined, as to virtually preclude such a law 
being established, without great pecuniary loss. 

The liability of the stockholders and the requirement of 
the reserve funds are very important features of these insti- 
tutions, and are two of the leading points of difference. 
Uniformity in these particulars is of the utmost importance, 
in order to afford suitable protection to the community, who 
naturally would suppose that all bore the same liability in 
this regard. 

We respectfully commend this subject to your considera- 
tion, affirming the necessity and recommending the passage 
of a general law relative to these institutions. 



xvi BANK COMMISSIOXEKS' REPORT. [Jan. 



Collateral Loan Company. 

The multiplicity and diversity of accounts, as well as the 
large amount of property hypothecated in this institution 
for mostly small amounts, makes it a physical impossibility 
to examine it in a manner at all satisfactory to this Board or 
the loan company. 

It is the only institution of this character chartered by the 
State. It has a State director, also a city director, by re- 
quirement of its charter, and was placed under the super- 
vision of this Board, the evident intention being to closely 
guard and control it by State and city direction. With, this 
in view, a proper examination of this institution would 
require a month's time, an impossibility for us, and our 
services are more valuable in other directions. We respect- 
fully suggest and recommend (in which recommendation the 
company concurs) that the examination be made by an 
expert. 

We also suowst that it might be made under the Board's 

Do O 

direction but at the expense of the company. 



Co-operative Banks. 

These institutions have largely increased the past year, 
numbering now 51, an increase of 11, the largest gain in any 
one year during their history. 

The legislation of last year relating to the withdrawals of 
shares in order to reduce the maximum number in any one 
series to one hundred shares, at five years from the date of 
issue, has been complied with as far as is possible under the 
circumstances. The passage of the law so late in their 
fiscal year made it impossible to comply at once without 
great pecuniary loss. 

The steady and rapid growth of the co-operative banks of 
this State, their increasing financial strength and continued 
development, manifests their hold upon the community, and 
importance and value therein. 

The compulsory character of these institutions in relation 
to the monthly savings of their members is an element of their 
strength, and a very important factor in serving the inter- 



1888.] PUBLIC DOCUMENT — No. 8. xvii 

ests of their depositors in developing methodical habits,^ as 
well as securing accumulations and acquiring homes. 

The total assets Oct. 31, 1887, were $4,211,948.86, a 
gain over last year of $982,982.24. 

A report in detail of each co-operative bank, also an 
asfofregated statement of their condition, will be found com- 

CO O ' 

mencing on page 635 of this volume. 

The succeeding pages contain a copy of the statutes rela- 
tive to savings banks, institutions for savings and co-opera- 
tive banks, corrected to Dec. 31, 1887. Also detailed 
report of each institution. 

A report relating to unclaimed deposits, as required by 
chapter 319, Acts of 1887, will be published in a supple- 
mentary form. 

EDWARD P. CHAPIN, 
STAPKES WHITON, 
Board of Commissioners of Savings B antes. 



STATUTES RELATING TO 

SAVINGS BANKS AND INSTITUTIONS 

FOR SAVINGS. 

ALSO 

CO-OPERATIVE BANKS. 



XX 



BANK COMMISSIONERS' REPORT. [Jan. 



STATUTES RELATING TO 

SAVINGS BANKS AND INSTITUTIONS FOR SAVINGS. 



INDEX. 



BOARD OF COMMISSIONERS OF SAVINGS 
BANKS. 

Section 

1. Consist of : appointment and tenure 
of office. 

2. Compensation and allowances. 

3. Commissioners to visit and examine 
every bank annually, etc. 

4. may summon and examine officers, 
etc.; administer oaths; penalty for 
refusing to obey summons, or for 
obstructing commissioner. 

5. shall examine bank on request of 
five officers or creditors, or deposi- 
tors, etc. 

6. proceedings by, when bank is in- 
solvent, or in a hazardous condition. 

7. Schedule of effects to be delivered 
to receivers and commissioners. Offi- 
cers may be examined under oath. 

8. Commissioners to examine the ac- 
counts, etc., of receivers. 

9. to report violations of law, and 
attorney-general to prosecute. 

10. to report violations of law by re- 
ceivers. 

SAVINGS BANKS AND INSTITUTIONS 

FOR SAVINGS. 

11. Savings banks and institutions for 
savings, powers and duties of. 

12. Power of general court over same. 
Penalty for obstructing investiga- 
tion. 

OFFICERS AND MEETINGS. 

13. Officers of such corporations. 

14. Treasurer's bond. Commissioners 
to keep a record of ; to require new 
bond, etc. 

15. Choice and appointment of officers. 
Vacancies. Clerk to notify persons 
elected, and publish list. Penalty 
for neglect or false publication. 

16. Special meetings, how called and 
notified. 

17. Members of the corporation. 

18. Regular meetings of trustees. Quo- 
rum. Statement of condition. Rec- 
ord of meeting, and names of trustees 
present. Office of trustee, how vaca- 
ted ami proceedings thereon. Names 
of investing committee to be pub- 
lished. Shall transact business where 
hanking house is located. 

DEPOSITS, LOANS AND INVESTMENTS. 

19. Limit to amount of deposits, and of 
Interest. 

20. Investments. Exemption from taxes. 
Pledge Of securities. 

21. No officer charged with the invest- 
ment of funds to borrow of the cor- 
poration, or to become surety. 

22. Savings banks, etc., not to receive 
brokerage, etc., on account of a loan. 
Penalties. 

2.'}. Applications lor loans to be made 
in writing. 



dividends and payments. 

Section 

24. Guaranty fund. 

25. Net profit to be divided among de- 
positors, and in what manner. 

26. Dividend not to be paid unless net 
profits are one and one-half per cent, 
except upon approval by commis- 
sioners. 

27. Extra dividends. 

28. No dividend to be declared or paid, 
until, etc. 

29. Deposits, how withdrawn. Pay- 
ments to minors. Payments on 
orders after death of drawer. 

30. Depositor may set off the amount of 
his deposit in proceedings by the 
corporation. 

31. In actions for deposits, claimants 
may be made defendants, etc. De- 
posits may remain, or be paid into 
court, etc. 

32. When a deposit is made in trust, 
name, etc., of persons for whom 
made, to be disclosed; to whom pay- 
able in case of ueath. 

33. Depositor to be notified when am- 
ount entitled to dividend is ex- 
ceeded. 

34. List of amounts due depositors not 
entitled to dividend, to be published 
once in five years. 

SPECIAL TRUST FUNDS. 

35. Corporations may receive funds in 
trust for parks, shade trees, ceme- 
teries, and drinking fountains. Ex- 
emption from attachment. 

36. Probate courts may authorize ex- 
ecutors, etc., holding funds in trust 
for such purposes, to deposit same. 

37. Shade-tree and cemetery fund. 
Statement of the amount thereof to 
be made every third year, etc. 

38. If the corporation ceases to do busi- 
ness, these funds where to be deposi- 
ted. 

BOOKS AND RETURNS. 

39. Commissioners may prescribe man* 
ner of keeping and auditing books" 
etc. 

40. Treasurer to make annual report. 
Particulars to be stated in same. 

41. Additional statements may be re- 
el ui red. 

42. Commissioners to furnish forms of 
reports; to report to the general 
court. 

43. Treasurer to inform overseers of 
poor of deposits to the credit of a 
pauper. Receivers to deposit un- 
claimed moneys, etc., with treasurer, 
and books and papers with com- 
missioners. Copies of the same to 
be competent evidence, etc. Un- 
claimed deposits. 



1888.] PUBLIC DOCUMENT — No. 8. xxi 



P. S„ CHAPTER 116. 

[WITH AMENDMENTS AND ADDITIONAL LEGISLATION NOTED INF 

THE MAEGIN.] 



COMMISSIONERS OF SAVINGS BANKS. 

Section 1. The board of commissioners of savings banks ai?ften*?eof 
shall consist of two commissioners appointed by the governor, ?£L ce °! ^oard. 

x x jo t lSbo, 192, §§ 1, z. 

with the advice and consent of the council, and subject to removal 1876 > 231 > §§ 13 - 
in like manner, each of whom shall be sworn, and shall hold office 
for the term of three years unless sooner removed. Upon the 
occurrence of a vacancy before the expiration of a term, an ap- 
pointment shall be made for the remainder of the term. 

Sect. 2. The annual salary of each of said commissioners shall andaSSwances 
be three thousand dollars ; and the board shall be allowed two 1886 ' chap ' 252- 
thousand four hundred dollars a year for clerical assistance, and 
also the actual expenses incurred in travelling in the discharge of 
its official duties. 

Sect. 3. The commissioners shall visit once in every year, and The board to 

J J ' visit and exam- 

as much oftener as they deem expedient, every .savings bank and ine every bank 

/ c J ° annually. 

institution for savings incorporated by authority of this Common- 1866 > 19 ' 2 > § 2 - 

1876, '231, § 3. 

wealth. At such visits they shall have free access to the vaults, 
books and papers, and shall thoroughly inspect and examine all 
the affairs of each of said corporations, and make such inquiries 
as may be necessary to ascertain its condition and ability to fulfil 
all its engagements, and whether it has complied with the provis- 
ions of law. They shall preserve in a permanent form a full record 
of their proceedings, including a statement of the condition of 
each of said corporations. 

Sect. 4. Either of the commissioners may summon all trustees, may summon 
officers or agents of any such corporation, and such other wit- offieer^ete^ 
nesses as he thinks proper, in relation to the affairs, transactions Sn^^b?" 
and condition of the corporation, and for that purpose may ad- summons, or 
minister oaths ; and whoever refuses, without justifiable cause, to commissioner 

lS(i6, 192, § 3. 

appear and testify when thereto required, or obstructs a com- 1876, 231, §3. 
missioner in the discharge of his duty, shall be punished by fine 
not exceeding one thousand dollars, or imprisonment not exceed- 
ing one year. 



XX11 



BANK COMMISSIONERS' REPORT. [Jan. 



shall examine 
bank on re - 
qnest of five 
officers, or 
creditors, etc. 
1866, 192, 4. 
1876, 231, § 3. 



proceedings 
by, when bank 
insolvent, or in 
a hazardous 
condition. 
1866, 192, § 5. 
1876, 231, §3. 



Schedule of 
effects to be 
made, sworn 
to, and deliver- 
ed to receivers. 
Officers may be 
examined 
under oath. 
1878, 253, § 5. 



Commissioners 
to examine the 
accounts, etc., 
of receivers, 
1878, 253, §§ 1, 
2,3. 



Sect. 5. Upon the certificate under oath of any five or more 
officers, trustees, creditors or depositors of any such corporation 
setting forth their interest and the reasons for making such exami- 
nation, directed to the commissioners and requesting them to 
examine such corporation, they shall forthwith make a full investi- 
gation of its affairs in the manner before provided. 

Sect. 6. The commissioners, if upon such examination any 
such corporation appears to be insolvent, or its condition such as 
to render its further proceeding hazardous to the public or to those 
having funds in its custody, shall apply, or, if such corporation 
appears to have exceeded its powers or failed to comply with any 
rule, restriction or condition provided by law, they may apply to a 
justice of the supreme judicial court to issue an injunction restrain- 
ing such corporation, in whole or in part, from further proceeding 
with its business until a hearing can be had. Such justice may, 
with or without previous notice, issue such injunction, and, after a 
full hearing, may dissolve or modify it or make it perpetual, and 
may make such orders and decrees according to the course of 
proceedings in equity to restrain or prohibit the further prosecu- 
tion of the business of the corporation as may be needful in the 
premises ; and may appoint one or more receivers to take pos- 
session, of its property and effects, subject to such directions as 
may from time to time be prescribed by the court or a justice 
thereof. 

Sect. 7. When receivers are so appointed, the treasurer of 
the corporation shall make a schedule of all its property ; and its 
treasurer, board of investment, and other officers transferring its 
property to the receivers shall make oath that said schedule sets 
forth all the property which the corporation owns or is entitled 
to. The treasurer shall deliver said schedule to the receivers and 
a copy thereof to the commissioners, who may at any time examine 
under oath such treasurer, board of investment, or other officers, 
in order to determine whether or not all the property which the 
corporation owns or is entitled to has been transferred to the 
receivers. 

Sect. 8. The commissioners, or one of them, shall at least 
once in every year, and as much oftener as they deem expedient, 
examine the accounts and doings of all such receivers ; and shall 
carefully examine and report upon all accounts and reports of 
receivers made to the supreme judicial court and referred to the 
commissioners by the court ; and, for the purposes of this section, 
shall have free access to the books and papers relating to the 
transactions of such receivers, and may examine them under oath 
relative to such transactions. 



1888.] PUBLIC DOCUMENT — No. 8. xxiii 

Sect. 9. The commissioners, if in their opinion any such cor- la ^ ^ e 9 p °f law?' 
poration or its officers or trustees have violated any law in rela- 1866, 192, § 7. 
tion to savings banks, or institutions for savings, shall forthwith 1878, 253, § 6. 
report the same, with such remarks as they deem expedient, to 
the attorney-general, who shall forthwith institute a prosecution for 
such violation in behalf of the Commonwealth. 

Sect. 10. The commissioners, whenever in their opinion any la J° n e s P of r iaw°* 
such receiver has violated his duty, shall present the facts to the JgJaS7§2* 
supreme judicial court. 

SAVINGS BANKS AND INSTITUTIONS FOR SAVINGS. 

Sect 11. All savings banks or institutions for savings, incor- and?nstitu nkS 
porated under the authority of this Commonwealth, may exercise SSSpSwotb" 
the powers, and shall be governed by the rules, and subject to the and duties of. 
duties, liabilities, and provisions contained in the following sec- 
tions, so far as the same are consistent with the provisions of their 
respective charters ; and any such corporation may, by vote at its 
annual meeting or at a meeting called for the purpose, accept any 
provision of said sections which is inconsistent with its charter. 

Sect. 12. The general court may make other or further regu- eraTcoi°rt g over 
lations for the government of such corporations, or may take away SJ^bsSuctinJ 
their corporate powers ; and every such corporation and its officers g V | S 57 ga st 102 
shall be subject to examination by any committee of the general J^^los § 27 
court appointed for the purpose, who may examine into the 
doings of the corporation, and shall have free access to its books 
and vaults. An officer of such corporation, or other person hav- 
ing charge of its books and property, who refuses or neglects to 
exhibit them to such committee, or who in any way obstructs its 
examination thereof, shall be punished by fine not exceeding ten 
thousand dollars, or imprisonment not exceeding three years. 



officers and meetings. 
Sect. 13. The officers of every such corporation shall consist Officers of such 

corporations. 

of a president, one or more vice-presidents, a board of not less 1876, 203, §§2, 3. 
than nine trustees, a treasurer, clerk, and such other officers as it 
may find necessary for the management of its affairs. The presi- 
dent, vice-president and trustees shall be chosen from the mem- 
bers, and no person shall hold any office in two such corporations 
at the same time. Such officers shall be sworn, and shall hold 
their several offices until others are chosen and qualified in their 
stead, except in the cases hereinafter provided otherwise. 

Sect. 14. The treasurer shall give bond for the faithful dis- Treasurer's 
charge of his duties to the satisfaction of the trustees, and they 0? trustees ana* 



XXIV 



BANK COMMISSIONERS' REPORT. [Jan. 



board concern- 
ing same. 
1876, 203, § 3. 
1880, 162. 



1886, 93. 



Choice and ap- 
pointment of i 
officers. 
Vacancies. 
Not taking 
oath, to vacate] 
officer. Clerk 
to notify per- 
sons elected, 
and publish 
list. Penalty. 
1876, 203, § 4. 



Special meet- 
ings, hOW 
called and no- 
tified. 
1876, 203, § 5. 

This act of 
1876 was amen- 
ded by substi- 
tuting the word 
and for or in 
sixth line. 
See chap. 150, 
Acts of 1884. 

Members of 
the corpora- 
tion. 
1876, 203, § 6. 



Regular meet- 
ings of trustees 
to be held once 



shall file a copy of the bond with the commissioners, and shall 
notify them of any change thereafter made therein. The com- 
missioners shall keep a record showing when said bonds expire 
and the changes so notified, and, whenever in their judgment it- is 
necessary for the security of the depositors, shall require a new 
bond, in such amount and with such sureties as they may approve. 
The treasurer of each savings bank or institution for savings shall 
give a new bond as often as once in five years. 

Sect. 15. The officers of every such corporation, except the 
treasurer, shall be chosen at it its annual meetings, to be holden at 
such time as the by-laws direct, anything in its charter to the con- 
trary notwithstanding. The treasurer shall be appointed by the 
trustees, and shall hold his office during their pleasure. If an 
office becomes vacant during the year, the trustees may appoint 
a person to fill the same until it is filled at the next annual 
meeting ; and if a person chosen or appointed does not within thirty 
days thereafter take the oath, his office shall thereupon become 
vacant. The person acting as clerk at such meeting shall, 
within ten days thereafter, notify all persons elected to an office, 
and within thirty days thereafter shall publish in some newspaper 
published within the county a list of all persons who have taken 
oath of office to which they were elected. A clerk neglecting to 
make such notification or publication, or making a false publication, 
and any person who knowingly publishes or circulates, or know- 
ingly causes to be published or circulated, a printed notice con- 
taining the name of a person as an officer of any such corporation 
who has not taken the oath of office, shall be liable to a penalty 
of fifty dollars. 

Sect. 16. Every such corporation may at anytime hold special 
meetings by order of its trustees ; and its treasurer shall also notify 
special meetings upon the requisition in writing of any ten mem- 
bers of the corporation. Notice of all meetings shall be given by 
public advertisement in some newspaper of the county where the 
corporation is established, and by seasonably mailing to each 
member a written or printed notice of such meeting. 

Sect. 17. Every such corporation may, at a legal meeting, 
elect by ballot any citizen of this Commonwealth to be a member 
thereof; and any person may, at an annual meeting, cease to be a 
member if he has filed with the treasurer a written notice of his 
intention so to do three months at least before such meeting. 
No person shall continue to be a member after removing from the 
Commonwealth. 

Sect. 18. A regular meeting of the board of trustees of every such 
corporation shall be held as often as once in three months, for the 



1888.] PUBLIC DOCUMENT — No. 8. xxv 

purpose of receiving the report of its treasurer, and for the tran- jj three months 
saction of other business. A quorum shall consist of not less than mentof condi- 

^ tion of bank. 

seven trustees, but less than a quorum may adjourn from time to Record of each 

A J J meeting, and 

time or until the next regular meeting. At each regular meeting names of trus- 

° ° . tees present, 

the trustees shall cause to be prepared a statement showing the Office of trus- 

. . -11 tee, how vnca- 

condition of the corporation as it appears upon its books, ted, andpro- 

r r • t i i r • it ceedings 

in the form of a trial balance of its accounts, and such statement thereon. 

u n i . A ■ ■ l • '" ■* U l • A 1876, 203, §7. 

shall be posted in a conspicuous place in its banking room, and 
there remain until the next regular meeting of said board. A 
record shall be made at each meeting of the transactions of the 
trustees and the names of those present. If a trustee fails to 
attend the regular meetings of the board, or to perform any of 
the duties devolved upon him as such trustee, for six consecutive 
months, his office shall thereupon become vacant. A record of 
such vacancy shall be entered upon the books of the corporation, 
and a transcript of such record shall be sent by mail to the person 
whose office is thus made vacant. 

The trustees of every savings bank and institutions for savings, Na "?es of in- 

J ° ° ' vesting officers 

incorporated under the authority of this Commonwealth, shall to be published 
1 J 7 m newspaper. 

cause to be published semi-annually in some newspaper published 1882 > 50 > § *■ 
in the county in which said corporation is located the names of 
the members of the board of investment or other officers of such 
corporation charged with the duty of investing its funds. The 
first publication thereof shall be within thirty days of the election 
of said officers and the second publication at the expiration of six 
months therefrom. 

A savings bank or institution for savings incorporated under the 1884 > chap. 253* 
provision of chapter one hundred and sixteen of the Public Statutes 
shall carry on its usual business at its banking house only, and no 
deposit shall be received, nor payment on account of deposits be 
made by such corporation or by any person on its account in any 
other place than at its banking house ; and such banking house 
shall be kept in the city or town in which such corporation is 
established. 

DEPOSITS, LOANS AND INVESTMENTS. 

Sect. 19. Every such corporation may receive deposits from Limit to am- 

.. . , . , „ . omit of depo- 

any person until they amount to one tnousand dollars ; and may sits from any 

,, ii-i i • person, and 

allow interest upon such deposits, and upon the interest accumu- interest. 
lated thereon, until the principal, with the accrued interest, ' ' 
amounts to sixteen hundred dollars ; and thereafter upon no 
greater sum than sixteen hundred dollars ; but the limitations con- 
tained in this section shall not apply to deposits by religious or 
charitable corporations. 



XXVI 



BANK COMMISSIONERS' REPORT. [Jan. 



Deposits, etc. 
how invested. 
1876 , 203, § 9. 

First mort- 
gages of real 
estate. 
1876, 203, § 9, 
cl. 1. 



Public funds, 
1876, 203, § 9, 
cl. 3. 

1880, 177, § 1. 

1881, 214, § 2. 



1885, chap. 111. 



May make cer- 
tain additional 
investments. 
1887, chap. 423. 



Sect. 20. Deposits and the income derived therefrom shall be 
invested only as follows : — 

First, On first mortgages of real estate, situated in this Com- 
monwealth, to an amount not to exceed sixty per cent, of the 
valuation of such real estate : but not exceeding seventy per cent, 
of the whole amount of deposits shall be so invested ; and no loan 
on mortgage shall be made except upon the report of not less than 
two members of the board of investment, who shall certify to the 
value of the premises to be mortgaged, according to their best 
judgment, and such report shall be filed and preserved with the 
records of the corporation. 

Second, In the public funds of the United States, or any of the 
New England States, or of the State of New York, in the bonds or 
notes of any city, county or town of this Commonwealth, or 
of any city of the states of Maine, New Hampshire, Ver- 
mont, Rhode Island, or Connecticut, whose net indebtedness 
does not exceed five per cent, of the last preceding valuation of 
the property therein, for the assessment of taxes ; or of any county 
or town thereof whose net indebtedness does not exceed 
three per cent, of such valuation ; or in the notes of any citizen of 
this Commonwealth, with a pledge of any of the aforesaid securi- 
ties at no more than the par value thereof. 

Savings banks and institutions for savings may, in addition to 
the securities mentioned in section twenty of chapter one hundred 
and sixteen of the public statutes, invest their deposits, and the 
income derived therefrom, in the bonds and notes of incorporated 
districts in this Commonwealth whose net indebtedness does not 
exceed five per cent, of the last preceding valuation of the prop- 
erty therein for the assessment of taxes. 

In addition to the investments authorized by section twenty 
of chapter one hundred and sixteen of the Public Statutes,- 
savings banks and institutions for savings may invest their deposits 
and the income derived therefrom in the legally authorized bonds 
of the states of Pennsylvania, Ohio, Michigan, Indiana, Illinois, 
Wisconsin and Iowa, and of the District of Columbia, and in the 
legally authorized bonds for municipal purposes of any city of the 
aforesaid states, and in the State of New York, which has at the 
date of such investment more than thirty thousand inhabitants, as 
established by the last national or state census preceding said in- 
vestment, and whose net indebtedness does not exceed five per cent. 
of the valuation of the taxable property therein, to be ascertained 
by the last preceding valuation of property therein, for the assess- 
ment of taxes ; and in the note or notes of any citizen of this 
Commonwealth, with a pledge as collateral of any of the aforesaid 



1888.] PUBLIC DOCUMENT — No. 8. xxvii 

securities, the amount invested in such note or notes not to ex- 
ceed in any case eighty per cent, of the market value of the 
securities pledged. 

The term ''net indebtedness," used of city, town or district, in 1883 ' chap ' 127# 
any statute limiting or regulating the investment of sinking, trust 
and other funds of the Commonwealth, the deposits in savings 
banks and trust companies or other like funds shall be construed 
to denote the indebtedness of su c h city, town or district omitting 
debt created for supplying the inhabitants with water and deduct- 
ing the amount of sinking funds available for the payment of such 
indebtedness. 

Third, In the first mortgage bonds of any railroad company in- Jf*n|f° ad 
corporated under the authority of any of the New England states i88i, 214, §§1,4. 

. iin • -i Railroad Stock 

and whose road is located wholly or in part m the same, and 1887, chap. 196. 
which is in possession of and operating its own road, and has 
earned and paid regular dividends for the two years next preced- 
ing such investment ; or in the first mortgage bonds, guaranteed by 
such railroad company, of any railroad company so incorporated 
whose road is thus located ; or in the bonds or notes of any rail- 
road company incorporated under the laws of this Commonwealth 
and whose road is located wholly or in part therein, and is unen- 
cumbered by mortgage and which has paid a dividend of not less 
than five per cent, per annum for two years next preceding such 
investment ; or in the note or notes of any citizen of this Com- 
monwealth with a pledge as collateral of any of the aforesaid 
securities at no more than eighty per cent, of the par value 
thereof; or in the note or notes of any citizen of this Common- 
wealth with a pledge as collateral, shares of the capital stock of any 
railroad company incorporated under the authority of any of the 
New England states and whose road is located wholly or in part 
therein and which is in possession of and operating its own road 
and has earned and paid regular dividends of not less than five per 
cent, per annum on all its issues of capital stock for five years next 
preceding the date of such note or notes or any renewal thereof 
and at no more than seventy-five per cent, of the market value there- 
of, such note or notes to be made payable on demand and to be 
paid or renewed within one year of the date thereof; but street 
railway companies shall not be considered railroad companies 
within the meaning of this section. 

Savings banks and institutions for savings may invest in bonds 1883, chap. 134. 
or notes of the Old Colony Railroad Company issued according 
to law, notwithstanding the mortgages on that part of its railroad 
formerly belonging to the Boston, Clinton, Fitchburg and New 
Bedford Railroad Company. 



xxviii BANK COMMISSIONERS' REPORT. [Jan. 

1885, chap. 348. Savings banks and institutions for savings may invest in the bonds 

and notes of the Fitchburg Railroad Company issued according 
to law, notwithstanding the mortgages now existing upon the Bos- 
ton, Barre and Gardner Railroad. 
1887, chap. 113. Savings banks and institutions for savings may invest in the 
bonds and notes of the Fitchburg Railroad Company issued ac- 
cording to law. 

1886, chap. 176. Savings banks and institutions for savings may invest in the 

bonds and notes of the Worcester, Nashua and Rochester Rail- 
road Company, issued according to law, notwithstanding the said 
railroad is leased to the Boston and Maine Railroad Company, 
and deposits' in Fourth, In the stock of any bank incorporated under the au- 
k^ks^etc.^ thority of this Commonwealth, or the stock of any banking asso- 
iaat'mA zo ciation located in the New England states, and incorporated 

lool, 214, 5 o. , 

under the authority of the United States, or on the notes of any 
citizen of this Commonwealth, with a pledge as collateral of any 
of the aforesaid securities at no more than eighty per cent, of the 
market value and not exceeding the par value thereof : provided, 
that such corporation shall not hold, both by way of investment 
and as security for loans, more than one-quarter of the capital 
stock of any one bank or banking association, nor invest more 
than ten per cent, of its deposits, nor more than one hundred 
thousand dollars, in the capital stock of any such bank or associa- 
tion. Savings banks may deposit sums not to exceed twenty per 
cent, of the amount of their deposits, on call, in such banks or 
banking associations, or in any trust company, incorporated under 
the laws of this Commonwealth, which provides the same security 
as banking associations incorporated under the authority of the 
United States, and may receive interest for the same. 

1886, chap. 95. Savings banks and institutions for savings shall not hereafter de- 
posit more than five per cent, of their total deposits in any one 
national bank, or trust company, nor an amount exceeding twenty- 
five per cent, of the capital stock and surplus of such national 
bank, or trust company. 

investments in No savings bank or institution for savings shall hereafter invest 

banks limited, or hold as collateral security more than three per cent, of its de- 
' c ap ' - ' posits in the stock of any one bank or banking association such as 
are described in the fourth clause of section twenty of chapter one 
hundred and sixteen of the Public Statutes. Any such savings 
bank or institution for savings which now has more than three per 
cent, of its deposits invested as aforesaid, shall reduce its invest- 
ments therein to said limit, on or before the first day of July in the 
year eighteen hundred and eighty-three. 

1883, chap. 202. No savings bank or institution for savings shall hereafter invest, 



1888.] PUBLIC DOCUMENT — No. 8. xxix 

or hold as collateral security, more than thirty-five per cent, of its 
deposits in the stock of banks and banking associations, such as 
are described in clause four, section twenty, of chapter one hun- 
dred and sixteen of the Public Statutes. Any such savings bank 
or institution for savings which now has more than thirty-five per 
cent, of its deposits invested as aforesaid, shall reduce its invest- 
ments therein to said limit on or before the first day of July in the 
year eighteen hundred and eighty-five. 

Fifth, In loans upon the personal notes of the depositors of the Jf^jJJrs de " 
corporation, but not exceeding one-half of the amount of his de- 1879, 57, §1. 
posit to a depositor ; and in each such case the deposit and the 
book of the depositor shall be held by the corporation as collateral 
security for the payment of such loan. 

Sixth, If such deposits and income cannot be conveniently Personal 

A securities. 

invested in the modes hereinbefore prescribed, not exceeding one- 1876, 203,§9, 
third part thereof may be invested in bonds or other personal securi- 1886, chap. 69. 
ties, payable and to be paid at a time not exceeding one year, with 
at least two sureties, if the principal and sureties are all citizens o 
this Commonwealth and resident therein. 

Clause six of section twenty of chapter one hundred and six- o?it84 lbS ' ActS 
teen of the Public Statutes, relating to investments by savings 
banks and institutions for savings in bonds and other personal se- 
curities, is hereby amended by adding thereto the following words : 
"provided, that the total liabilities to any such corporation, of any 
person, or of any partnership, company or corporation for money 
borrowed upon personal security, including in the liabilities of a 
partnership or company not incorporated the liabilities of the 
several members thereof, shall at no time exceed five per cent, of 
such deposits and income." 

Seventh, Ten per cent, of the deposits of any such corporation? c orporatior^ 
but not exceeding two hundred thousand dollars, may be invested fite. 

18 ib, 20o, § 9, 

in the purchase of a suitable site and the erection or preparation cl. 6. 
of a suitable building for the convenient transaction of its busi- 
ness. 

Eighth, Any such corporation may hold real estate acquired by Real' estate 
the foreclosure of any mortgage owned by it, or by purchase at foreclosure, 
sales made under the provisions of any such mortgage or upon is76, 203, § 26. 
judgments for debts due it, or in settlements effected to secure §|o.° ap ' 
such debts ; but all such real estate shall be sold by it within five 
years after the title thereof is vested in the corporation. 

Any savings bank or institution for savings incorporated under 1 886, chap. 77. 
the authority of this Commonwealth, may sell any real estate now 
held by it, which has been acquired by the foreclosure of any 
mortgage owned by it, or by purchase at sales made under the 



XXX 



BANK COMMISSIONERS' REPORT. [Jan. 



Exemption 
from taxation. 
1883, chap. 248. 



Pledges of 
securities as 
collateral to 
remain valid. 

1876, 203, § 30. 
1878, 94, § 1. 



No officer 
charged with 
the investment 
to borrow the 
funds of the 
corporation, or 
become surety. 
1S76, 203, § 10. 



Savings banks, 



provisions of any such mortgage, or upon judgment for debts due 
it or in settlements effected to secure such debts, at any time be- 
fore the first day of July in the year eighteen hundred and eighty- 
eight : provided, however, that the commissioners of savings banks 
may, upon the petition of the board of investment of any savings 
bank or institution for savings, and for good cause shown, grant an 
additional time, notwithstanding any limit provided by the eighth 
clause of section twenty of chapter oue hundred and sixteen of 
the Public Statutes, section one of chapter two hundred o.f the 
acts of the year eighteen hundred and eighty-two, and chapter 
fifty-two of the acts of the year eighteen hundred and eighty- 
three. 

The exemption from taxation granted to savings banks and in- 
stitutions for savings by section twenty of chapter thirteen of the 
Public Statutes on account of real estate acquired by the comple- 
tion of foreclosure, or by purchase under the provisions of the 
eighth clause of section twenty of chapter one hundred and six- 
teen of the Public Statutes, is hereby extended and shall be al- 
lowed for the term during which such real estate shall be held 
under the provisions of chapter fifty-two of the acts of the present 
year, or of any general law ; and the tax for the present year shall 
be assessed and collected in accordance with the provisions of 
this act. 

Ninth, The provisions of this chapter shall not be construed to 
invalidate or in any manner impair the title of any corporation to 
any securities which have been or may be held by it in pledge or 
as security for a loan or indebtedness : and the same shall be held 
for the purposes for which they were pledged ; and nothing herein 
contained shall require any such corporation to change any of its 
investments made before the first day of October in the year 
eighteen hundred and seventy-six. 

Sect. 21. No member of a committee or board of investment, 
or officer of such corporation charged with the duty of investing 
its funds, shall borrow or use any portion thereof, be surety for 
loans to others, or in any manner, directly or indirectly, be an 
obligor for money borrowed of the corporation ; and if such mem- 
ber or officer becomes the owner of real estate upon which a 
mortgage is held by the corporation, his office shall become 
vacant at the expiration of sixty days thereafter, unless he has 
ceased to be the owner thereof, or has caused said mortgage to be 
discharged. Only one of the persons holding the offices of 
president, clerk, and treasurer shall at the same time be a member 
of the investing committee. 

Sect. 22. No such corporation, nor any person acting in its 



1888.] PUBLIC DOCUMENT — No. 8. xxxi 

behalf, shall negotiate, take, or receive a fee, brokerage, com- receiveVroker- 
mission, gift, or other consideration for or on account of a loan afcount'o? a 
made by or on behalf of such corporation, other than appears on pj°j ]ti 
the face of the note or contract by which such loan purports to be 1876 ' 2U3 > § 1L 
made ; but nothing herein contained shall apply to any reasonable 
charge for services in the examination of titles and preparation of 
conveyances to such corporation as security for its loans. Who- 
ever violates a provision of this section shall be punished by fine 
of not less than one hundred, nor more than one thousand dol- 
lars. All sums paid for services, fees, or otherwise to a member 
of the board of trustees shall be reported in detail at each regular 
meeting of the trustees. 

Sect. 23. All applications for loans shall be made in writing, f^ioans tobe 
through the treasurer of the corporation, who shall keep a record recordS^^ 
thereof, showing the date, name of applicant, amount asked for, 1876 > 208 ' § 12 - 
and the security offered, and he shall cause the same to be 
presented to the board of investment. 

DIVIDENDS AND PAYMENTS. 

Sect. 24. Every such corporation shall, at the time of making ^Te created 11 * 1 
each semi-annual dividend, reserve as a guaranty fund, from the and mamtam- 
net profits which have accumulated during the six months then 1S76 > 203 > § 13 - 
next perceding, not less than one eighth nor more than one-fourth of 
one per cent, of the whole amount of deposits, until such fund 
amounts to five per cent, of the whole amount of deposits, which 
fund shall be thereafter maintained and held to meet losses in its 
business from depreciation of its securities, or otherwise. 

Sect. 25. The income or profit of every such corporation, J 6 *-? 1 ?**^ be 

after a deduction of all reasonable expenses incurred in the depositors, and 

r in what man- 

management thereof and the guaranty fund, shall be divided ner ; '• 

among its depositors or their legal representatives at times fixed 

by its by-laws in the following manner : Ordinary dividends shall 

be made every six months, and shall not exceed two and one-half 

per cent, on all sums which have been on deposit for six months 

preceding, or one and one-fourth per cent, on all sums which 

have been on deposit for three months preceding ; and no ordinary 

dividend shall be declared or paid except as above provided, nor 

upon a deposit of less than three months' standing ; and any such 

corporation may, by its by-laws, provide that no dividends shall be 

declared or paid on a less sum than three dollars, or on the 

fractional part of a dollar. 

Sect. 26. If, at the time provided by the by-laws for mak- Dividend not 

ing ordinary dividends, the net profits for the six months pre- less net profits 

ceding, over and above the sum to be added to the guaranty one-half per 



XXX11 



BANK COMMISSIONERS' REPORT. [Jan. 



cent., except, 

etc 

1876, 203, § 15. 

1880, chap. 150. 



Extra divi- 
ends may be 
paid once in 
every three 
years, when, 

1876, 203, § 16. 



No dividend to 
be declared or 
paid, until, etc. 
1876,203, § 17. 



Deposits, how 
withdrawn. 
Payments to 
minors. 
1876, 203, § 18. 
127 Mass. 183. 



Payment on 
orders after 
death of draw- 
er. 
1885, 210, § 2. 



Depositor may 
set off the 
amount of his 
deposits in pro- 
ceedings by the 
corporation. 
1878,261, § 1. 



When deposits 
are claimed by 
a person other 
than plaintiff, 
claimants may 



fund, do not amount to one and one-half per cent, of the depos- 
its, no dividend of the profits shall be declared or paid, except 
such as shall be approved in writing by the commissioners. 

Sect. 27. Once in every term of three years, if the net 
profits accumulated over and above said guaranty fund and divi- 
dends amount to one per cent, of the deposits which have re- 
mained in such corporation for one year then next preceding, 
such net profits shall be divided among the depositors whose 
deposits have remained therein for one year at least then n$xt 
preceding, in proportion to the amount of dividends which have 
been declared on their deposits during the three years then next 
preceding. 

Sect. 28. No dividend shall be declared until the trustees 
cause an examination to be made, and find that the amount 
thereof has actually accrued ; and no dividend or interest shall 
be paid unless authorized by a vote of the trustees after such 
examination. 

Sect. 29. The principal deposits in such corporations may 
be withdrawn at such time and in such manner as the by-laws 
direct, but the deposits so withdrawn shall be deducted in each 
case from the amounts last deposited. Money deposited in the 
name of a minor may, at the discretion of the trustees or com 
mittee of investment, be paid to such minor or to the person 
making such deposit ; and the same shall be a valid payment. 

Savings banks and institutions for savings are hereby author- 
ized and empowered to pay any savings bank order, drawn by 
any person who has funds on deposit to meet the same, notwith- 
standing the death of such drawer in the interval of time 
between signing such savings bank order and its presentation for 
payment when said presentation shall be made within thirty days 
after the date of such savings bank order ; and at any subsequent 
period, provided the depositary has not received actual notice of 
the death of the drawer. 

Sect. 30. A person indebted to any such corporation, whether 
his indebtedness is secured or not, may, in any proceeding for 
the collection thereof or for the enforcement of any security 
therefor, set off the amount of a deposit held and owned by him 
at the time of the commencement of such proceeding, and of the 
interest due thereon, except a deposit purchased or acquired 
from another after the commencement of proceedings in equity to 
restrain the corporation from doing its actual business. 

Sect. 31. In actions against any such corporation for money 
on deposit therewith, if it appears that the same fund is claimed 
by another party than the plaintiff, whether by the husband or 



1888.] PUBLIC DOCUMENT — No. 8. xxxiii 

wife of such plaintiff, or otherwise, the court, in which such action Hants' d ^tc. efen " 
is pending, on the petition of the corporation and on such notice J^^fnor bef 7 
as the court considers proper to the plaintiff and to such claimants, paid into court, 
may order the proceedings to be amended by making such claim- Jgly'yX'S 19 ' 
ants parties defendant thereto ; and thereupon the rights and interests 
of the several parties in and to said funds shall be heard and de- 
termined. Such deposits may remain with the corporation until 
final judgment, and shall be paid in accordance with the order 
of the court, or may be paid into court to await final judgment ; 
and, when so paid into court, the corporation shall be stricken 
out as a party to the action, and its liability for such deposit shall 
cease. The taxable costs of the corporation in such actions shall be 
in the discretion of the court, and may be charged upon the fund. 

Sect. 32. When a deposit is made in such corporation by any When a deposit 

r tr j j is made intrust 

one in trust for another, the name and residence of the person for name, etc., of 

x person for 

whom it is made shall be disclosed, and it shall be credited to whom made, 

to be disclosed; 

the depositor as trustee for such person; and if no other notice to whom pay- 
able in case of 

of the existence and terms of a trust has been given in writing to death. 

i r i 1 i r i i lbT6 > 203 > § 20 - 

the corporation, in the event of the death of the trustee, the 

deposit, with the interest thereon, may be paid to the person for 

whom such deposit was made, or to his legal representative. 

Sect. 33. The treasurer of every such corporation, upon mak- Depositor to 

ing up each semi-annual dividend, shall send written notice by W hen amount 

■mail to each depositor, who for six months then next preceding dividend is 

has not been entitled to a dividend on the whole amount standing if^ 203, d § 21. 

to his credit, because the same exceeds the amount on which 

interest is allowed, specifying the amount not entitled to dividend. 

Sect. 34. Every such corporation shall once in five years pub- List of am- 
ounts due de- 
lish, in some newspaper of the county where it is established, a positorsnot 

i'i r , t 1 i- r 1 ■ 1 entitled to 

list of the amounts standing to the credit of depositors who dividend to be 

. '. • i i 1 • • i i 1 1 i -1 • published once 

have not been entitled to dividends on the whole amount standing in five vears. 

. . ,. - . ... . . 1876, 203, § 22. 

to their credit lor two years then next preceding, because the same 
exceed the amount on which interest is allowed, with the names 
and last known residences of the persons to whose credit such 
amounts stand, which publication shall be continued in three 
successive papers. 

SPECIAL TRUST FUNDS. 

Sect. 35. Any such corporation may receive on deposit to any Funds in trust 
amount funds in trust for the purpose of setting out shade-trees in shade-trees, 
streets and parks, and improving the same ; for purchasing lands drinking e foun- 
for parks, and improving the same ; for maintaining cemeteries or paTnot to be* l ~ 
cemetery lots, and for erecting and maintaining drinking foun- ano^toTeex- 
tains in public places, or for any or all of said purposes. Such em P tfrom 



xxxiv BANK COMMISSIONERS' EEPORT. [Jan. 

1875, 174, § l. funds shall be placed on interest in such corporation, and the in- 
terest and dividends arising therefrom shall be paid semi-annually 
to such city, town or cemetery authorities as may be designated 
by the donors of said funds or the will of the person bequeathing 
the same, and shall be expended by such authorities within their 
respective cities, towns or cemeteries for any or all of said pur- 
poses, as may be specified by such donors or such will. No part 
of the principal of such funds shall be withdrawn or expended, and 
the same shall be exempt from attachment or levy on execution. 

Probate s courts Sect. 36. A iudge of the probate court, after due notice and a 

may authorize jo i ■> 

executors, etc., hearing , if in his judgment it is expedient so to do, may authorize 

to deposit & ' . 

funds in trust an executor, administrator or trustee holding money or other per- 

f or such piir- ° J x 

poses. sonal property for any of the purposes mentioned in the preced- 

1S77, chap. 192. .-,■'.. 

ing section, to deposit such moneys or the avails arising from such 
personal property in any such corporation designated by the judge, 
to be held by it in the manner and for the uses and purposes 
mentioned in said section, and upon the trusts upon which said 
executor, administrator, or trustee, held the same ; and upon the 
deposit of such money and its receipt and acceptance by such 
corporation the said executor, administrator or trustee shall be 
discharged from further care and responsibility therefor, 
statements oi Sect. 37. The funds held in accordance with the two preced- 

tho amount x 

thereof to be ing sections shall be known as the ''Shade-Tree and Cemetery 

made every ° 

third year, etc. Fund," and the treasurer of the corporation in which they are de- 
posited shall give a certificate of gift to each donor of such funds, 
and shall send by mail or deliver in the month of January in every 
third year after the first deposit to the mayor of any city, or the 
chairman of the selectmen of any town within the limits of which 
the interest and dividends of any such fund are to be expended, a 
written statement, signed by such treasurer, of the amount of 
funds on deposit for the purposes aforesaid, which statement shall 
be recorded in the office of the clerk of such city or town. 

if the corpora- Sect. 38. If a corporation holding such funds surrenders its 

tion ceases to . , , ,, . -,. . , 

do business, charter or ceases to do business the supreme judicial court may 
bedeposited in order said funds to be transferred and deposited in some other 
1875! 174, § 3. such corporation upon the same trusts as aforesaid ; and if the 
laws authorizing such corporations are repealed, the court may 
order said funds to be transferred and deposited in such banking 
institutions as it may deem proper, to be held upon the trusts 
aforesaid. 

BOOKS AND RETURNS. 

Board may Sect. 39. The commissioners may prescribe the manner and 

prescribe man- , . . 

ner of keeping form of keeping and auditing the books and accounts 01 any 

n»l auditing 
books, etc, such corporation. 

1880, 28, § 1. 



1888.] PUBLIC DOCUMENT — No. 8. xxxv 

. Sect. 40. The treasurer of every such corporation shall an- Treasurer to 

J L make annual 

nually within fifteen days after the last business day of October report to 

make a report to the commissioners, showing accurately the Particulars to 

1 ° J be stated in 

condition thereof at the close of business on said day. The report same. 

i 11 i ■ . r i • • i ii -i j 1876, 203, §23. 

shall be in such form as the commissioners shall prescribe, and 1877, chap. 159. 
shall specify the following particulars ; namely, name of corpo- 
ration, and number of corporators ; place where located ; amount 
of deposits ; amount of each item of other liability ; public 
funds, including all United States, state, county, city, and town 
bonds, stating each particular kind, the par value, estimated 
market value and amount invested in each ; loans on public 
funds, stating amount on each ; bank stock, stating par value, 
estimated market value, and amount invested in each ; loans on 
bank stock, stating amount on each • railroad bonds, stating par 
value, estimated market value, and amount invested in each ; 
loans on railroad bonds, stating amount on each ; estimated 
value of real estate, and amount invested therein ; loans on 
mortgage of real estate ; loans to counties, cities or towns ; 
loans on personal security ; cash on deposit in banks, with the 
names of such banks, and the amount deposited in each ; cash on 
hand ; the whole amount of interest or profits received or earned, 
and the rate and amount of each semi-annual dividend for the 
previous year ; the times for dividends fixed by the by-laws ; 
the average annual per cent, of dividends for the term ending at 
the time of and including the last extra dividend ; the rates of 
interest received on loans ; the total amount of loans bearing 
each specified rate of interest ; the number of outstanding 
loans which are of an amount not exceeding three thousand 
dollars each, and the aggregate amount of the same ; the number 
of open accounts ; also the number and amount of deposits re- 
ceived ; the number of deposits received of three hundred dollars 
or more at one time ; the number and amount of withdrawals ; 
the number of accounts opened, and the number of accounts 
closed, severally, for the previous year ; and the annual expenses 
of the corporation ; all of which shall be certified and sworn to 
by the treasurer. And five or more of the trustees shall certify 
and make oath that the report is correct according to their best 
knowledge and belief. 

Sect. 41. Such annual reports shall also, w T hen so required Additional 

i .i • , , ,i i j r statements 

by the commissioners, state the number and amount of ope n may be re- 
accounts of fifty dollars and less, of those exceeding fifty dollars board. y e 
and not more than one hundred dollars, of those exceeding 1880 ' 228, § 2 * 
one hundred dollars and not more than two hundred dollars, of 
those exceeding two hundred dollars and not more than five 



XXXVI 



BANK COMMISSIONED' REPORT. [Jan. 



Blank forms of 
reports to be 
furnished. 
Commissioners 
to report to the 
general court. 
1866, 192, § 3. 
1876, 203, § 24. 
1878, 253, 4 2. 



Treasurer to 
inform over- 
seers of poor 
of deposits to 
the credit of a 
pauper. 
1876, 203, § 25 



Receivers to 
deposit books 
and papers 
with commis- 
sioners at end 
of year after 
settlement, 
ordered by 
court. 
18*2, 77, § 1. 
Chapt. 72, 1884 
Commission- 
ers to hold 
same. 



hundred dollars, of those of one thousand dollars or more ; and 
of those to the credit of women, both adult and minor, guar- 
dians, religious and charitable associations, and in trust, respec- 
tively. 

Sect. 42. The commissioners shall furnish blank forms of 
reports to every such corporation, and shall prepare annually 
from such reports, and communicate to the general court on or 
before the first Wednesday in January, a statement of the con- 
dition of each corporation from which a report has been received 
for the preceding year, and shall include therein a statement of 
the affairs of such corporations in the hands of receivers, and 
shall make such suggestions as they may deem expedient relative 
to the general conduct and condition of each of the corporations 
visited by them. 

Sect. 43. The treasurer of every such corporation shall, 
upon a written request signed by an overseer of the poor of a 
city or town, inform him of the amount, if any, deposited in the 
corporation to the credit of any person named in such request, 
who is a charge upon the Commonwealth or upon a city or town 
therein as a pauper ; and a treasurer who unreasonably refuses 
to give such information, or wilfully renders false information, 
shall forfeit fifty dollars for every such offence, to the use of 
the city or town upon which such pauper is a charge, or to the 
Commonwealth if the pauper is a charge upon the Common- 
wealth. 

Receivers. 
(Acts of 1882, Chapter 77.) 

Receivers of insolvent savings banks and institutions for sav- 
ings shall, at the end of one year after final settlement ordered 
by the court, deposit with the commissioners of savings banks 
all books and papers of such insolvent savings banks and insti- 
tutions for savings, including those relating to their receiver- 
ship. And said commissioners shall receive and hold the same 
in some proper repository in the state house or Commonwealth 

building. 

(chapter 258, acts of 1883.) 

At the expiration of one year after final settlement ordered 
by the court, receivers of insolvent insurance companies and 
receivers of insolvent savings banks and institutions for sav- 
ings shall report to the court the names and residences, when 
known, of the persons or parties entitled to any moneys or 
dividends from the estate of such corporations remaining in their 
hands uncalled for, with the amount due to each. The court 
shall thereupon order such notice to be given by the receivers 



1888.] PUBLIC DOCUMENT — No. 8. xxxvii 

as justice may require, and upon the expiration of one year from 
the time of giving such notice the receivers shall in like manner 
report the amounts still uncalled for. Unless cause shall appear 
for decreeing otherwise, such amounts shall then be ordered to 
be paid into the treasury of the Commonwealth and schedules 
signed by the receivers shall at the same time be deposited 
with the treasurer and auditor of the Commonwealth setting 
forth the decree of the court and the names and residences, so 
far as known, of the persons or parties entitled thereto arranged 
in alphabetical order and the amount due to each. The auditor 
shall forthwith cause notice of such deposit to be mailed to such 
parties. 

The deposit of books and papers required from receivers of 
insolvent corporations under the provisions of section one of 
chapter seventy-seven of the acts of the year eighteen hundred 
and eighty-two, shall be made at the time when the payment into 
the treasury of the Commonwealth of such unclaimed' moneys or 
dividends is required by law to be made and not before. 

Section one hundred seventy-three of chapter one hundred 
nineteen, and section forty-four of chapter one hundred sixteen 
of the Public Statutes are hereby repealed, but receivers of any 
insolvent savings bank or institution for savings in whose case 
final decree of distribution has been made at the passage of this 
act shall make payments into the treasury of the Commonwealth 
as required by the provisions of section forty-four of chapter 
one hundred sixteen of the Public Statutes notwithstanding, 
and persons or parties entitled to receive any portion of such 
sums or of the sums already paid into the treasury under the 
provisions of said section, or the acts of which they are a con- 
tinuation may within two years from the passage of this act and 
persons or parties entitled to receive any portion of the sums 
paid into the treasury under the provisions of the first section of 
this act may within two years from the time of such deposit and 
notice given make claim to the auditor of the Commonwealth 
therefor. Upon establishing the validity of their claim, certifi- 
cation, warrant and payment shall follow as in case of other 
valid claims against the Commonwealth. 

An Act authorizing the use of copies of the records, books 
and accounts of savings banks in evidence, 
(chap. 92, acts of 1885.) 

Copies from the records, books and accounts of a savings bank 
and institution for savings, incorporated under the laws of this 
Commonwealth, shall be competent evidence in all cases equally 



xxxviii BANK COMMISSIONERS' REPORT. [Jan. 

with the originals thereof, if there is annexed to such copies an 
affidavit taken before a clerk of a court of record, or notary 
public, under the seal of such court or notary public, setting 
forth that the affiant is the officer having charge of the original 
records, books and accounts and that such copy is true and cor- 
rect and is full so far as it relates to the subject matter therein 
referred to. 

An act concerning unclaimed deposits in savings banks, 
(chap. 319, acts of 1887.) 

Sec. 1. The treasurer of every savings bank shall within 
fifteen days after the last business day of October in the year 
eighteen hundred and eighty-seven, and every fifth year thereafter, 
return to the commissioners of savings banks a sworn statement 
containing the name, the amount standing to his credit, the last 
known place of residence or post-office address and the fact of 
death, if known to such treasurer, of every depositor who shall 
not have made a deposit therein or withdrawn therefrom any part 
of his deposit, or any part of the interest thereon, for a period of 
more than twenty years next preceding ; and the treasurers of 
such savings banks shall give notice of these deposits in one or 
more newspapers published in or nearest to the city or town where 
such banks are located, at least once a week for three weeks in 
succession : provided, however, that this act shall not apply to the 
deposit made by or in the name of any person known to the bank 
to be living or to any deposit which, with the accumulations 
thereon, shall be less than twenty-five dollars. 

Sect. 2. The commissioners of savings banks shall incorporate 
in their annual report, or in a supplementary annual report, each 
return which shall have been made to them as provided in section 
one. 

Sect. 3. The treasurer of any savings bank neglecting or 
refusing to make the sworn return required by section one shall be 
subject to a fine of one hundred dollars. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



XXXIX 



P. S., CHAPTER 117. 

[WITH AMENDMENTS AND ADDITIONAL LEGISLATION NOTED IN 

MARGIN-] 



SECTION 

1. Corporations for accumulation of 

savings of members and lending 
funds to members. 

2. Agreement, what to set forth. 

3. Name. 

4. Corporation, how organized. 

5. Limit of capital. Plans of issuing 

stock, etc. 

6. By-laws. Officers to. hold office 

until successors are elected. 
Office of secretary and treasurer 
may be held by one person. 

7. Monthly meetings. Dues. 

8. Withdrawal of shares. 

9. Shares, when matured. 



SECTION. 

10. Moneys to be lent by'monthlv sales; 

how invested, if unsold. 

11. Premiums. 

12. Interest. 

13. Security. 

14. Payment. Partial payments. 

15. Fines. Forfeiture of shares. 

16. Recovery of loan. 

17. Books of account. Duties of treas- 

urer, etc. 

18. Distribution of profits and losses. 

Guaranty Fund. 

19. Corporation'^nay^buy and sell real 

estate. 

20. Powers of savings-bank commis- 

sioners. 



Section 1. Twenty-five or more persons who associate them- 
selves together by an agreement in writing, with the intention of 
forming a corporation for the purpose of accumulating the sav- 
ings of its members paid into such corporation in fixed periodical 
instalments, and lending to its members the funds so accumu- 
lated, shall be and remain a corporation upon complying with 
the provisions of the three following sections. 

Sect. 2. The agreement shall set forth the fact that the 
subscribers thereto associated themselves with the intention of 
forming a corporation • the name by which the corporation shall 
be known ; the purpose for which it is formed ; the town or city, 
which shall be within this Commonwealth, in which it is located ; 
and the limit of capital to be accumulated. 

Sect. 3. The name shall be one not previously in use by any 
existing corporation established under the laws of this Common- 
wealth, and shall be changed only by act of the General Court. 
The words " co-operative saving fund and loan association" shall 
form a part of the name. 

Section three of chapter one hundred and seventeen of the 
Public Statutes, relative to the name of co-operative saving 
fund and loan associations, is hereby amended by striking out 
the words "co-operative saving fund and loan association," in 
the fourth line, and inserting in place thereof the words "Co- 
operative Bank." 



Corporations 
for accumula- 
tion of savings 
of members 
and lending 
funds to 
members. 
1877, 224, § 1. 



A greement, 
what to set 
forth. 
1877, 224, § 2. 



Name. 
1877, 224, § 3. 



"Co-operative 
saving fund 
and loan asso- 
ciations" to be 
known as "Co- 
operative 
Banks." 
1883, 98. 



x] 



BANK COMMISSIONERS' REPORT. [Jan. 



Public Statutes 
117. Title 
amended. 
1883, 98. 



Co-operative 
banks 
1883, 98. 



Third section 
to take effect 
July 1, 1S83. 



Corporation, 
how organized. 
1877, 224, § 4. 



Limit of capi- 
tal. 
1887, 216, § 1. 



Plans of issu- 
ing stock, etc. 
1877, 224, § 5. 



By-la \v». 
Officers to hold 
Office until Suc- 
re --or- are 

elected. 
1877, 224, §§ 6, 

16. 



The title of said chapter one hundred and seventeen of the 
Public Statutes is hereby amended by striking out the words 
" Saving Fund and Loan Associations/' and inserting in place 
thereof the word "Banks." 

The names of all co-operative saving fund and loan associa- 
tions heretofore organized are hereby changed by striking out 
in each the words "saving fund and loan association," and 
inserting in place thereof the word "bank," and they shall here- 
after be known as "co-operative banks." 

The first and second sections of this act shall take effect upon 
its passage, and the third section upon the first day of July in the 
year eighteen hundred and eighty-three. 

Sect. 4. The provisions of sections eighteen, twenty, and 
twenty-one of chapter one hundred and six shall apply to such 
corporations, except that, in the certificate signed by the secre- 
tary of the Commonwealth, the limit of capital to be accumu- 
lated, as fixed in the agreement of association, shall be inserted, 
instead of the amount of the capital, that the certificate required 
by said section twenty-one to be filed and recorded may be signed 
and sworn to by the presiding and financial officers, and a ma- 
jority at least of the officers possessing the powers of directors 
by whatever name they may be called, and that the fees to be 
paid for filing and recording the certificates required by said 
section twenty-one, including the issuing of the certificate of 
organization, shall be five dollars. 

Sect. 5. The capital to be accumulated shall not exceed one 
million dollars, and shall be divided into shares of. the ultimate 
value of two hundred dollars each. The limitation of capital to be 
accumulated in any co-operative bank now organized or hereafter 
formed under the provisions of chapter one hundred and seven- 
teen of the Public Statues shall be held to apply to capital 
actually paid in, and no such bank shall be restrained from issuing 
shares so long as the capital actually paid in on shares is not in 
excess of one million dollars. The shares may be issued in 
quarterly, half-yearly, or yearly series, in such amounts and at 
such times as the members may determine. No person shall 
hold more than twenty-five shares in the capital of any one such 
corporation. No shares of a prior series shall be issued after the 
issue of a new series. 

Sect. 6. The number, title, duties and compensation of the 
officers of the corporation, their terms of office, the time of their 
election, as well as the qualifications of electors, and time of 
each periodical meeting of the officers and members, shall be 
determined by the by-laws ; but no member shall be entitled to 



1888.] PUBLIC DOCUMENT — No. 8. xli 

more than one vote at any election. All officers shall continue 
in office until their successors are duly elected, and no corpora- 
tion shall expire from neglect on its part to elect officers at the 
time prescribed by the by-laws. 

In any co-operative bank now or hereafter formed under the One P er s<> n h 

provisions of chapter one hundred and seventeen of the Public secretary and 
r treasurer. 

Statutes, the offices of secretary and treasurer may be held by one 1885, 121, § 1. 

and the same person. 

Sect. 7. The officers shall hold stated monthly meetings. Monthly meet- 
ings. Dues. 
At or before each of these meetings every member shall pay to i«77, 224, §§ 5, 

the corporation, as a contribution to its capital, one dollar as lssi, 271, § 1, 
dues upon each share held by him until the share reaches the 
ultimate value of two hundred dollars, or is withdrawn, can- 
celled, or forfeited. Payment of dues on each series shall com- 
mence from its issue. 

Sect. 8. A member may withdraw his unpledged shares at any ^^ rawal of 
time by giving thirty days' notice of his intention so to do, written 1887, 216, § 2,3. 
in a book held and provided by the corporation for that purpose. 
Upon such withdrawal the shareholder's account shall be settled 
as follows : — From the amount then standing to the credit of the 
shares to be withdrawn there shall be deducted all fines, a 
proportionate part of any unadjusted loss, together with such 
proportion of the profits previously credited to the shares as the 
by-laws may provide, and such shareholders shall be paid the 
balance : provided, that at no time shall more than one-half of 
the funds in the treasury be applicable to the demands of with- 
drawing members without the consent of the directors. The 
directors may at their discretion, under rules made by them, retire 
the unpledged shares of any series at any time after four years 
from the date of their issue, by enforcing the withdrawal of the 
same ; but whenever there shall remain in any series, at the 
expiration of five years after the date of its issue, an excess above 
one hundred unpledged shares, then it shall be the duty of the 
directors to retire annually twenty five per centum of such excess 
existing at said expiration of five years after the date of its issue, 
so that not more than one hundred unpledged shares shall remain 
in such series at the expiration of nine years from the date of its 
issue, and thereafter the directors may in their discretion retire 
such other unpledged shares as they consider the best interests of 
the bank to require : provided, that whenever under the provisions 
of this section the withdrawal of shares is to be enforced the 
shares to be retired shall be determined by lot, and the holders 
thereof shall be paid the full value of their shares, less all fines 
and a proportinate part of any unadjusted loss ; provided also, 



xlii 



BANK COMMISSIONERS' REPORT. [Jan. 



Shares, when 
matured. 
1881, 271, §1, 
cl. 3. 
1887, 216, 5. 



Amendment. 
1882, 251. 



Moneys to be 
lent by month- 
ly sales; how 
invested, if un- 
sold. 

1877, 224, § 7. 
1881,271, §1, 
cl. 4. 



that shares pledged for share loans shall be treated as unpledged 
shares. 

Shares may be issued in the name of a minor, and if so issued 
may, at the discretion of the directors, be withdrawn, in manner 
as provided in section two of this act, by such minor, the parent 
or guardian of such minor, and in either case payments made on 
such withdrawals of shares shall be valid. When a share or 
shares are held by any one in trust for another, the name and 
residence of the person for whom such share or shares are held 
shall be disclosed ; and the account shall be kept in the name of 
such holder as trustee for such person ; and, if no other notice of 
the existence and terms of such trust has been given in writing to 
the corporation, in the event of the death of the trustee, such 
shares may be withdrawn by the person for whom such deposit 
was made or by his legal representatives. 

Sect. 9. When each unpledged share of a given series reaches 
the value of two hundred dollars, all payments of dues thereon 
shall cease, and the holder thereof shall be paid out of the funds 
of the corporation two hundred dollars thereof, with interest at 
the rate of six per cent, a year from the time of such maturity to 
the time of payment : provided, that at no time shall more than 
one-half of the funds in the treasury be applicable to the pay- 
ment of such matured shares without the consent of the directors ; 
provided further, that when any series of shares, either pledged or 
unpledged, reaches maturity between the dates of adjustment of 
profits, or whenever shares are retired between such dates, the 
holders of such shares shall in addition to the value thereof, be 
entitled to interest at the rate of six per cent, per annum for all 
full months from the date of the preceding adjustment. 

Chapter one hundred and seventeen of the Public Statutes is 
amended as follows, by adding to section nine the following 
words : "And that before paying matured shares all arrears and 
fines shall be deducted." 

Sect. 10. The moneys accumulated, after due allowance 
made for all necessary and proper expenses and for the with- 
drawal of shares, shall at each stated monthly meeting be offered 
to the members according to the premiums bid by them for 
priority of right to a loan. Each member whose bid is accepted 
shall be entitled, upon giving proper security, to receive a loan of 
two hundred dollars for each share held by him, or such fractional 
part of two hundred dollars as the by-laws may allow. If a bal- 
ance of money remains unsold after a monthly sale, the directors 
may invest the same in any of the securities named' in the second 
clause of section twenty of chapter one hundred and sixteen. 



1888.] PUBLIC DOCUMENT — No. 8. xliii 

. Sect. 11. Premiums for loans shall consist of a percentage f 87 7™2™ S i2. 
charged on the amount lent in addition to interest, and shall be 
deemed to be a consideration paid by the borrower for the present 
use and possession of the future or ultimate value of his shares, 
and shall, together with interest and fines, be received by the 
corporation as a profit on the capital invested in the loan, and 
shall be distributed to the various shares and series of said 
capital as hereinafter provided. 

Sect. 12. A borrowing member, for each share borrowed Jggf r f 7* * § x 
upon, shall, in addition to his dues and monthly premium, pay cL 3 - 
monthly interest on his loan at the rate of six per cent, per 
annum until his shares reach the ultimate value of two hundred 
dollars each, or the loan has been repaid ; and when said ultimate 
value is reached, said shares and loan shall be declared can- 
celled and satisfied, and the balance, if any, due upon the shares 
shall be paid to the member. 

Any corporation organized under said chapter one hundred and £gts of 1882^ 
seventeen may provide in its by-laws that the bid for loans at its 
stated monthly meeting shall, instead of a premium, be a rate of 
annual interest upon the sum desired, payable in monthly in- 
stalments. Such bids shall include the whole interest to be 
paid, and may be at any rate not less than five per centum per 
annum. 

Sect. 13. For every loan made, a note secured by first mort- f® 7 c 7 u 5j7'$« 
gage of real estate shall be given, accompanied by a transfer and 1S8 i> 271, § 1," 
pledge of the shares of the borrower. The shares so pledged shall 
be held by the corporation as collateral security for the perfor- 
mance of the conditions of said note and mortgage. Said note 
and mortgage shall recite the number of shares pledged and the 
amount of money advanced thereon, and shall be conditioned for 
the payment, at the stated meetings of the corporation, of the 
monthly dues on said shares, and the interest and premium upon 
the loan, together with all fines on payments in arrears until said 
shares reach the ultimate value of two hundred dollars each, or 
said loan is otherwise cancelled or discharged : provided, that 
the shares, without other security, may, in the discretion of the 
directors, be pledged as security for loans, to an amount not ex- 
ceeding their value as adjusted at the last adjustment and valua- 
tion of shares before the time of the loan. 

If the borrower neglects to offer sec'urity satisfactory to the 
directors within the time prescribed by the by-laws, his right to 
the loan shall be forfeited, and he shall be charged with one 
month's interest and one month's premium at the rate bid by him, 
together with all expenses, if any, incurred ; and the money ap- 



xl iv BANK COMMISSIONERS' REPORT. [Jan. 

propriated for such loan may be re-loaned at the next or any 
subsequent meeting. 
i877™4%u. Sect. 14. A borrower may repay a loan at any time, upon 
1887, 216, 4. application to the corporation, whereupon, on settlement of his 
account, he shall be charged with the full amount of the original 
loan, together with all monthly instalments of interest, premium^ 
and fines in arrears, and shall be given credit for the withdrawing 
value of his shares pledged and transferred as security ; and the 
balance shall be received by the corporation in full satisfaction 
and discharge of said loan : provided, that all settlements made at 
periods intervening between stated meetings of the directors shall 
be made as of the date of the stated meetings next succeeding 
such settlement ; and provided, that a borrower desiring to retain 
his shares and membership may at his option repay his loan with- 
out claiming credit for said shares, whereupon said shares shall 
be re-transferred to him, and shall be free from any claim by 
reason of said cancelled loan. Partial payment of loans on real 
estate made by any co-operative bank may be received in sums of 
fifty dollars or any multiple thereof; and for each two hundred 
dollars so repaid one share of stock shall be released from 
pledge. 
ure?f shares 1 * Sect. 15. Members who make default in the payment of 
1877, 224, § 13. their monthly dues, interest and premiums shall be charged a 
fine not exceeding two per cent, a month on each dollar in arrears. 
No fines shall be charged after the expiration of six months from 
the first lapse in any such payment, nor upon a fine in arrears. 
The shares of a member who continues in arrears more than six 
months shall, at the option of the directors, if the member fails to 
pay the arrears within thirty days after notice, be declared for- 
feited, and the withdrawing value of the shares at the time of the 
first default shall be ascertained, and, after deducting all fines and 
other legal charges, the balance remaining shall be transferred to 
an account to be designated the " Forfeited Share Account," to 
the credit of the defaulting member. Said member, if not a bor- 
rower, shall be entitled, upon thirty days' notice, to receive 
the balance so transferred without interest from the time of the 
transfer, in the order of his turn, out of the funds appropriated to 
the payment of withdrawals. All shares so forfeited or trans- 
ferred shall cease to participate in any profits of the corporation 
accruing after the last adjustment and valuation of shares before 
said first default. 
Recovery of Sect. 16. If a borrowing member is in arrears for dues, inter- , 

1882/251. est, premium or fines for more than six months, the directors may, 

at their discretion, declare the shares forfeited, after one month's 



1888.] PUBLIC DOCUMENT — No. 8. xlv 

notice, if the arrears continue unpaid. The account of such bor- 
rowing member shall then be debited with the arrears of interest 
"premium" and fines of date of forfeiture, and the shares shall ^J^i™^/ 
be credited upon the loan at their withdrawing value. The bal- 
ance of the account may, and after six months shall, be enforced 
against the security, and be recovered as secured debts are 
recovered at law. 

Sect. 17. The general accounts of every such corporation Jjjjt! °i)utieB 
shall be kept by double entry. All moneys received by the of treasurer, 
corporation from each member shall be receipted for- by per- 1877, 224, § u. 
sons designated by the directors, in a pass-book provided by the 
corporation for the use of, and to be held by, the member ; and 
said pass-book shall be plainly marked with the name and resi- 
dence of the holder thereof, the number of shares held by him, 
and the number or designation of the series or issue to which 
said shares respectively belong, and the date of the issue of such 
series. All moneys so received shall be originally entered by 
the proper officer in a book to be called the "cash-book," to be 
provided by the corporation for the purpose, and the entries 
therein shall be so made as to show the name of the payer, the 
number of shares, the number or designation of the series or 
issues of the particular share or shares so entered, together with 
the amount of dues, interest, premiums and fines paid thereon, 
as the case may be. Each payment shall be classified and en- 
tered into a column devoted to its kind. Said cash-book shall be 
closed after the termination of each stated meeting, and shall be 
an exhibit of the receipts of all moneys paid at said meeting. All 
payments made by the corporation for any purpose whatsoever 
shall be by order, check or draft upon the treasurer, signed by the 
president and secretary, and endorsed by the persons in whose 
favor the same are drawn. The name of the payee, the amount 
paid, and the purpose, object or thing for which the payment is 
made, together with its date, shall be entered on the margin of 
said order, check or draft. The treasurer shall dispose of and 
secure the safe keeping of all moneys, securities, and property of 
the corporation, in the manner designated by the by-laws, and 
the treasurer and secretary shall give such security for the faith. 
ful performance of their respective duties as the by-laws may 
direct. 

Sect. 18. The profits and losses may be distributed annually, Distribution of 
semi-annually or quarterly, to the shares then existing, but shall F<S2b! and 
be distributed at least once in each year, and whenever a new cl?2. 271 ' §1 ' 
series of shares is to be issued. Profits and losses shall be dis- 
tributed to the various shares existing at the times of such 



xlvi 



BANK COMMISSIONERS' REPORT. [Jan.'88. 



Guarantee 
Fund to be 
reserved from, 
profits. 
1835, 121. 



Corporation 

may buy and 
sell real estate. 
1S77, 224, § 17. 



Powers of sav- 
ings bank 
commissioners. 
1879,129, §§1,2. 



distribution, in proportion to their value at that time, and shall 
be computed upon the basis of a single share fully paid to the 
date of distribution. Losses shall be apportioned immediately 
after their occurrence. 

At each periodical distribution of profits the directors shall re- 
serve as a guaranty fund a sum not less than one nor more than 
five per cent, of the net profits accruing since the next preced- 
ing adjustment, until such fund amounts to five per cent, of the 
dues capital, which fund shall thereafter be maintained and held ; 
and said fund shall be at all times available to meet losses in the 
business of the corporation from depreciation of its securities or 
otherwise. 

Sect. 19. Any such corporation may purchase at any sale, 
public or private, any real estate upon which it may have a mort- 
gage, judgment, lien or other incumbrance, or in which it may 
have an interest ; and may sell, convey, lease or mortgage, at 
pleasure, the real estate so purchased to any person or persons 
whatsoever. All real estate so acquired shall be sold within five 
years from the acquisition of the title thereto. 

Sect. 20. The commissioners of savings banks shall perform, 
in reference to every such corporation, the same duties, and shall 
have the same powers, as are required of or given to them in 
reference to saving banks, and shall annually make report to the 
general court of such facts and statements respecting such associa- 
tions, and in such forms as they deem that the public interest re- 
quires. Every officer of such corporation shall answer truly all 
inquiries made, and shall make all returns required by the 
commissioners. 



ABSTEACT OF ANNUAL EEPOETS 

OF THE 

SAVINGS BANKS AND INSTITUTIONS 

FOR SAYINGS, 

SHOWING THEIR 

CONDITION AT THE CLOSE OF BUSINESS, 
31st of October, 1887, 

Made in Conformity to the Requirements of Sections 40 and 41, 
Chapter 116, Public Statutes. 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ABINGTON SAVINGS BANK — ABINGTON. 

Incorporated 1853. Number of corporators, 65. 



Z. N. "Whitmarsh, President. 



Geo. A. Beal, Clerk. 



Geo. A. Beal, Treasurer, 



Names of committee charged with the investment of its funds : 

Z. N. Whitmarsh, Henry A. Noyes, 

Wm. Brown, Jos. L. Greenwood, 

Bela T. Nash, Otis W. Soule. 

Open for business every business day, 9 a.m. to 12 m., and 1 to 4 p.m. 

Statement. 




Loan on Public Funds : — 

On $6,000 City of Cleveland, Ohio, 7s, $5,000 00 

Loans on Bank Stock, amount on each : — 

On 100 shares Fourth National Bank, Boston • . $8,000 00 

On 3 shares Abington National Bank, Abington, 100 00 

Invested in real estate (for banking purposes), $56,000 00 

Estimated value of the same, 56,000 00 

Assessed value of the same, 39,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 2,226 12 

Value (by books) of other real estate, held by foreclosure or otherwise, . 5,000 00 

Assessed value of the same, 5,400 00 

Net income received from same during year ending Oct. 31, 1887, . • 185 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 616 



1888.] 



PUBLIC DOCUMENT — No. 8. 



Aggregate amount of the same, $590,650 88 

Amount of investments from which no income is received 14,360 98 

Cash on Deposit in Banks, amount in each : — 

Abington National Bank, Abington, $22,218 13 

National Bank of Redemption, Boston, 15,168 59 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $72,548 31 

Rate and amount of each semi-annual dividend for the year ) 2^ per cent., f 28,541 83 
ending Oct. 31,1887, . J 2| per cent., 1 29,025 75 

Times for the dividends fixed by the by-laws : first Tuesday in April and 
October. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,892 198,165 61 

Number and amount of deposits of and exceeding $300 at any one 
time during the year anding Oct. 31, 1887, 176 97,822 46 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 1,733 210,415 03 

Number of accounts opened during the year ending Oct. 31, 1887, . 406 

Number of accounts closed during the year ending Oct. 31, 1887, . 303 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,559 40 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : August 2. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$37,386 72 
74,360 98 
25,000 00 


1\ per cent. 
4 " 
4£ 


$5,000 00 

253,100 00 

11,000 00 


4^ per cent. 
5 " 
5^ 


$42,750 00 

587,711 72 

10,000 00 


5£ per cent. 
6 " 
6* " 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 ormore, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$16,245 97 

23,602 05 

62,898 70 

211,564 06 

366,990 70 

665,845 75 

623,605 36 

22,659 57 

10,693 07 

115,733 76 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Meriden, Conn., 7s, 


$20,000 


$20,850 00 


$20,000 00 


of Bangor, Me., 6s, . 




10,000 


10.900 00 


10,000 00* 


of Portland, Me., 6s, 




7,000 


8.470 00 


7,000 00* 


of Springfield, Ohio, 5s, 




5,000 


5,267 50 


5,783 75* 


of Fort Wayne, Ind., 6s, 




5,000 


5,600 00 


6,050 00* 


of Boston, Mass., 4s, 




15,000 


15.000 00 


15,000 00 


of Fall River, Mass., 6s, 




25,000 


30.940 00 


25,924 90 


of Holyoke, Mass., 7s, 




5,000 


5.300 00 


5.000 00 


Town of Abington, Mass., 4s, 




10,000 


10.375 00 


10,700 00 


of Abington, Mass., 4is, 


3,000 


3,013 80 


3,000 00 






$105,000 


$115,716 30 


$108,458 65 



Schedule B — Detailed Statement of Bank Stocks. 



**■* GO 

O o 

° 5 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


66 
40 
38 
32 
74 
75 
12 
25 
19 
59 
50 

150 
50 
68 

100 
60 
38 
22 
45 

110 
50 
10 
32 
48 
20 
47 


Abino-ton Wl Bank, Abing-ton, 
First Xat'l Bank, Adams, 
First Nat'l Bank, Danvers, 
Old Colony XI B'k, Plymouth, 
Boston Xat'l Bank, Boston, 
Blaekstone Xat'l Bank, Boston, 
Central Xat'l Bank. Boston, . 
Continental Xat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Globe Xat'l Bank, Boston, 
Howard Xat'l Bank, Boston, . 
Hamilton Xat'l Bank, Boston, . 
X'l Hide & Leather B'k, Boston, 
Merchants' Xatl Bank, Boston, 
Metropolitan XI Bank, Boston, 
Mt. Vernon Xat'l Bank, Boston, 
North Xat'l Bank, Boston, 
XI B'k of the Republic, Boston, 
XI B'k of Redemption, Boston, 
Second Xat'l Bank, Boston, 
Shoe & Leather X'l B'k, Boston, 
State Xat'l Bank, Boston, 
Traders' Xat'l Bank, Boston, . 
Third Xat'l Bank, Boston, 
Xat'l Webster Bank, Boston, . 


$6,600 
4,000 
2.850 
3.200 
7.400 
7,500 
1.200 
2,500 
1,900 
5,900 
5,000 

15,000 
5,000 
6,800 

10,000 
6,000 
3,800 
2.200 
4,500 

11,000 
5,000 
1,000 
3.200 
4,800 
2,000 
4,700 


$8,316 00 
6.000 00 
3.420 00 
4,800 00 
8,806 00 
8,137 50 
1.560 00 
2,962 50 
1,900 00 
7,552 00 
4,562 50 

16,162 50 
6,125 00 
7.786 00 

13,950 00 
6,810 00 
5,134 50 
2,882 00 
6,300 00 

13,997 50 
7,500 00 
1,010 00 
3,720 00 
4,524 00 
2,010 00 
4,823 37 


$8,316 00 
4,000 00 
2,850 00 
3.200 00 
7,400 00 
7,500 00 
1,200 00 
2,500 00 
1,900 00 
5.900 00 
5.000 00 

15,000 00 
5.000 00 
6,800 00 

10,000 00 
6,000 00 
3,800 00 
2.200 00 
4.500 00 

11,000 00 
5,000 00 
1,000 00 
3,200 00 
4,800 00 
2,000 00 
4,700 00 




$133,050 


$160,751 37 


$134,766 00 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8 



Railroad Bo?ids. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... . 

Old Colony R.R. 7s, . 

Leeds & Farmington R.R. 6s, . 


$50,000 
5,000 
1,000 


$61,000 00 
5,775 00 
1,120 00 


$40,661 08* 
5,000 00 
1,152 50 




$56,000 


$67,895 00 


$46,813 58 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 15, 1887. 
Personally appeared Geo. A. Beal, Treasurer of the Abington Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Otis "W. Soule, Justice of the Peace. 

Plymouth, ss., Nov. 15, 1887. 
Personally appeared Z. N. Whitmarsh, Wm. Brown, Bela T. Nash, Jos. L. Green- 
wood and Henry A. Noyes, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Otis W. Soule, Justice of the Peace. 



* This was a legal investment when made. 



BANK COMMISSIONERS' REPORT. 



[Jan . 



AMHERST SAYINGS BANK — AMHERST. 

Incorporated 1864. Number of corporators, 13. 

E. F. Cook, President. S. C. Carter, Treasurer. 

Geo. Cutler, Clerk. 

Names of committee charged with the investment of its funds : 
E. F. Cook, B. F. Kendrick, 

E. D. Bangs, James Hastings. 

Wm. E. Bridgeman, 

Open for business every business day, 9 a.m. to 12 m., and 1.30 to 4 30 p.m. 

Statement. 



Assets. 


LlABILITIE 


5. 


Public funds as per Schedule A, 


$101,440 00 


Deposits, . 


$1,063,382 80 


Loans on public funds, 


1,185 00 


Earnings undivided, 


29,530 79 


Bank stock as per Schedule B, . 


199,653 51 


Guaranty fund, 


32,606 05 


Loans on bank stock, . 


3,750 00 


Suspense account, . 


549 19 


B-ailroad bonds, .... 


85,000 00 






Real estate (for banking pur- 








poses), 


15,000 00 






Loans on real estate, . 


567,857 94 






Loans on personal security, 


73,646 00 






Loans to counties, cities or towns 








(notes), 


34,200 00 






Deposits in banks, on interest, . 


38,435 45 






Deposits in banks, not on interest, 


5,000 00 






Cash on hand, .... 


900 93 








$1,126,068 83 


$1,126,068 83 



Loans on Public Funds, amount on each : — 

On $500 United States 4s, $435 00 

On $1,000 United States 4s, 750 00 

Loans on Bank Stock, amount on each : — 
On 3 shares Northampton National Bank, Northampton, .... $300 00 

On 4 shares Third National Bank, Springfield, 400 00 

On 10 shares First National Bank, Amherst, 550 00 

On 15 shares First National Bank, Amherst, j 

On 20 shares Palmer National Bank, Palmer J 

Invested in real estate (for banking purposes), $15,000 00 

Estimated value of the same, 15,000 00 

Assessed value of the same, 9,100 00 

Net income received from same during year ending Oct. 31, 18S7, . . 983 71 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each 404 

Aggregate amount of the same, 329,519 00 

Amount of investments from which no income is received 500 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



Cash on Deposit in Banks, amount in each : — 

First National Bank, Holyoke, $10,000 00 

First National Bank, Northampton, 10,000 00 

First National Bank, Amherst, 13,435 45 

Chapin National Bank, Springfield, 10,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $54,495 24 

Rate and amount of each semi-annual dividend for the year l 2 per cent., r 19,296 30 

ending Oct. 31, 1887, J 2J per cent., j 22,645 13 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 • 2,283 211,542 34 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 177 97,27172 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,772 175,482 04 

Number of accounts opened during the year ending Oct. 31, 1887, . 375 
Number of accounts closed during the year ending Oct. 31, 1887, . 371 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,460 20 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner : July 23. 



Total amount of Loans luith each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount Rate. 


$38,435 00 
30,700 00 


4 per cent. 
4| " 


$526,805 00 
35,305 00 


5 per cent. 
5h " 


$80,995 39 
6,834 00 


6 per cent. 

7 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, . 

Exceeding $200 and not more than $500, . 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$17,495 70 

22,250 36 

58,397 90 

173,067 59 

288,456 26 

503,714 99 

491,652 75 

25,627 88 

22,414 24 

98,426 00 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



District of Columbia 7s, . 




|4,000 


$5,440 00 


$5,440 00 


City of Nashua, N. H., 6s, 




15,000 


16.950 00 


15,000 00 


of Bangor, Me., 6s, . 




20,000 


22,000 00 


20,000 00* 


of Fall River, Mass., 6s, 




8,000 


10,000 00 


8,000 00 


Town of Clinton, Mass., 4s, 




20,000 


20,000 00 


20,000 00 


of Beverlv, Mass., 4s, 




10,000 


10.000 00 


10.000 00 


of Rutland, Vt., 4s, 




20,000 


20,000 00 


20,000 00 


of Pawtucket, R, I., 5s, 




3,000 


3,700 00 


3,000 00 


• 




$100,000 


$108,090 00 


$101,440 00 



Schedule B — Detailed Statement of Bank Stocks. 



O <y 






Estimated 




O es 




Par Value. 






Amount Invested. 


* % 






Market Value. 




94 


First Natl Bank,Easthanrpton, 


$9,400 


312,220 00 


$10,724 00 


129 


First Natl Bank, Northampton, 


12,900 


17,415 


00 


17,176 00 


130 


Hampshire Co. Natl Bank, 












Northampton, 


13.000 


16,510 


00 


15,383 00 


133 


Northampton National Bank, 












Northampton, 


13,300 


23,275 


00 


13,504 00 


100 


Holyoke Natl Bank, Holyoke, 


10,000 


13,000 


00 


10,800 00 


68 


Conway Natl Bank, Conway, . 


6,800 


8,160 


00 


7,943 00 


84 


Crocker Nl B'k, Turner's Falls, 


8,400 


10.920 


00 


8,664 39 


100 


Agawam Nl Bank, Springfield, 


10,000 


13,200 


00 


12,530 00 


100 


Chapin Nl Bank, Springfield, . 


10,000 


13,700 


00 


12,703 00 


50 


First Natl Bank, Barre, . 


5,000 


6,150 


00 


6,160 00 


75 


Palmer Natl Bank, Palmer, . 


7.500 


9,000 


00 


8,996 50 


25 


Citizens 1 Nl Bank, Worcester, 


2,500 


3,125 


00 


3,062 50 


40 


City Natl Bank, Worcester, . 


4,000 


5,000 


00 


5,120 00 


10 


Mechanics' Nl B'k, Worcester, 


1,000 


1,250 


00 


1,250 00 


65 


First Natl Bank, Amherst, 


6,500 


9.750 


00 


9,575 00 


8 


Ware Natl Bank, Ware, . 


800 


1,000 


00 


988 00 


100 


First Natl Bank, Norwich, Ct., 


10,000 


10,500 


00 


10,450 00 


100 


Second Nl Bank, Norwich, Ct., 


10,000 


11,875 


00 


11,875 00 


60 


Thames Nl Bank, Norwich, Ct., 


6,000 


8,700 


00 


8,185 00 


30 


XI B'k of Commerce, N. London, 


3,000 


3,660 


00 


3,660 00 


5 


Berkshire Nl B'k, No. Adams, 


500 


500 


00 


500 00 


56 


Franklin Co. Nl B'k, Greenfield, 


5,600 


6,430 


00 


6,430 00 


23 


Suffolk Natl Bank, Boston, 


2,300 


2,645 


00 


2.771 62 


10 


XI Hide&Leather B"k, Boston, 


1,000 


1,150 


00 


1,107 00 


80 


N'l B'k of the Republic, Boston, 


8,000 


10,560 


00 


10,095 50 




$167,500 


$219,695 


00 


$199,653 51 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



New London Northern R.R. 7s, 
Boston, Revere Beach & Lynn R.R. 6s, 
Boston & Lowell R.R. 4s, 
Fitchburg R.R. 5s 



$25,000 
25,000 
10,000 
25,000 



$30,000 00 

30,750 00 

10,500 00 

29,500 00 



$85,000 



$100,750 00 



$25,000 00 

25,000 00 

10,000 00 

25,000 00 



$85,000 00 



Commonwealth of Massachusetts. 

Hampshire, ss., Nov. 25, 1887. 
Personally appeared Samuel C. Carter, Treasurer of the Amherst Savings Bank, and 
made oath that the foregoing statement by him subscribed is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, E. D. Bangs, Justice of the Peace. 

Hampshire, ss., Nov. 25, 1887. 
Personally appeared E. F. Cook, E. D. Bangs, B. F. Kendrick, Horace Ward and 
Henry Holland, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer; and that they believe said statement to be true. 

Before me, Frank E. Paige, Justice of the Peace. 



10 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ANDOYER SAVINGS BANK — ANDOYER. 

Incorporated 1834. Number of corporators, 42. 

Moses Fostee, President. John F. Kimball, Treasurer. 

John F. Klmball, Clerk. 

Names of committee charged with the investment of its funds : 
Moses Foster, John Cornell, 

J. Tyler Kimball. 

Open for business ever)* business day, except "Wednesdays, from 9 a.m. to 12 m. 

and 2 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loan on bank stock, . 
Railroad bonds, .... 
Real estate by foreclosure, . 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 
Deposit in bank, not on interest, 
Loan on depositor's book, . 
Cash on hand 


$316,500 00 

230,550 00 

1,000 00 

244,000 00 

6,300 00 

708,290 37 

316,415 00 

19,712 93 

1,470 16 

200 00 

4,137 53 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$1,725,525 15 
62,050 84 
61,000 00 




$1,848,575 99 


$1,848,575 99 



Loan on Bank Stock : — 
On 11 shares Andover National Bank, Andover, $1,000 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $6,300 00 

Assessed value of the same, 8,510 00 

Net income received from same during year ending Oct. 31, 1887, . . 246 46 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 341 

Aggregate amount of the same, 417,355 77 

Cash on Deposit in Banks, amount in each : — 

Andover National Bank, Andover, $4,470 16 

Blackstone National Bank, Boston, 16,712 93 

Whole amount of interest or profits received or earned during year ending 
Oct. 31,1887, $113,745 87 

Rate and amount of each semi-annual dividend for the year ) 2£ per cent., f 41,052 01 
ending Oct. 31, 1887, J 2 per cent., 1 33,303 51 

Times for the dividends fixed by the by-laws : third Wednesday in June 
and December. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



11 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,903 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 184 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, . . . • 1,812 

Number of accounts opened during the year ending Oct. 31, 1887, . 589 
Number of accounts closed during the year ending Oct. 31, 1887, . 372 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : June 6. 



$200,329 00 
87,240 00 



240,600 18 



2,750 00 
30,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$16,712 93 
12,358 00 
25,000 00 


2J per cent. 

4 

4| " 


$25,000 00 
157,000 00 
188,290 00 


4^ per cent. 
4| " 
5 


$53,250 00 

561,907 37 

6,100 00 


5£ per cent. 
6 

7 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and noti more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$21,479 88 

27,176 01 

82,002 14 

331,530 05 

608,877 87 

654,459 20 

956,120 62 

16,093 82 

24,073 52 

28,218 65 



Schedule A — Detailed Statement of 


Public Funds 








Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Bangor, Me., 6s, . 


$25,000 


$28,000 00 


$25,000 00* 


of Belfast, Me., 6s, . 


17,000 


17.000 00 


17,000 00* 


of Lewiston, Me., 6s, 


6,000 


6,500 00 


6,000 00 


of Portland, Me., 6s, 


21,500 


25,000 00 


21,500 00* 


of Dover, N. H., 6s, 


25,500 


27,500 00 


25,500 00 


of Nashua, N. H., 6s, 


5,000 


5,500 00 


5,000 00 


of Portsmouth, N. H., 6s, 


33,500 


36,000 00 


33,500 00* 


of Norwich, Conn., 6s, . 


30,000 


32,500 00 


30,000 00 


of Milwaukee, Wis., 7s, . 


5,000 


5,000 00 


5,000 00 



* These were legal investments when made. 



12 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Concluded. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Boston, Mass., 6s, 
of Chelsea, Mass., 6s, 
of Cliarlestown, Mass., 6s, 
of Cambridge, Mass., 6s, 
of Fall River, Mass., 6s, . 
of Holyoke, Mass., 7s, 
of Lynn, Mass., 6s, . 
of Lowell, Mass., 6s, 
of Newburyport, Mass., 6s, 
of Northampton, Mass., 6s, 
of Salem, Mass., 6s, 

Town of Melrose, Mass., 6s, . 




$1,000 
27,000 

2,000 

2,000 
11,000 
18,000 
10,000 

6,000 
20,000 
33,000 

3,000 
15,000 


$1,000 00 
30,000 00 

2,000 00 

2,000 00 
12,000 00 
20,000 00 
10,500 00 

6,500 00 
21,500 00 
36,000 00 

3,500 00 
16,000 00 


$1,000 00 
27,000 00 

2,000 00 

2,000 00 
11,000 00 
18,000 00 
10,000 00 

6,000 00 
20,000 00 
33,000 00 

3,000 00 
15,000 00 


' 




$316,500 


$344,000 00 


$316,500 00 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



310 

40 

100 

147 

27 

150 

100 

50 

56 

100 

50 

58 

41 

157 

225 

263 

110 

6 

35 

52 

18 

60 

50 

50 

154 



Andover Natl Bank, Andover 
Atlas Natl Bank, Boston, 
Bay State Nl Bank, Lawrence 
Blackstone Natl Bank, Boston 
Boylston Natl Bank, Boston, 
Nl B'k of Conimonw'th, Boston, 
Continental Nl Bank, Boston 
Natl Eagle Bank, Boston, 
Everett Natl Bank. Boston,- 
Nl Hide & Leather B'k, Boston 
Merchants' Natl Bank, Boston 
New England Nl B'k, Boston 
North Natl Bank, Boston, 
Old Boston Natl Bank, Boston 
XI B'k of the Republic, Boston 
Natl Revere Bank, Boston, 
Second Natl Bank, Boston, 
Natl Security Bank, Boston, 
Shawmut Natl Bank, Boston 
State Natl Bank, Boston, 
Tremont Natl Bank, Boston, 
Natl Union Bank, Boston, 
( ' i i i ( > i i N atl B an k , W eymouth 
Wachusett Nl B'k, Fitchburg 
Natl Webster Bank, Boston, 



$31,000 

4,000 

7,500 

14,700 

2,700 

15,000 

10,000 

5,000 

5,600 

10,000 

5,000 

5,800 

4,100 

7,850 

22,500 

26,300 

11,000 

600 

3,500 

5,200 

1,800 

6,000 

5,000 

5,000 

15,400 



$40,920 00 

4,500 00 

10,000 00 

15,500 00 

3,500 00 

17,000 00 

11,900 00 

5,400 00 

4,800 00 

11,500 00 

7,000 00 

8,000 00 

5,200 00 

8,000 00 

32,000 00 

33,000 00 

16,500 00 

1,000 00 

4,000 00 

6,000 00 

2.000 00 

8,000 00 

5,600 00 

10,000 oo 

15,400 00 



$230,550 



$286,720 00 



$31,000 00 
4,000 00 
7,500 00 

14,700 00 
2,700 00 

15,000 00 

10,000 00 
5,000 00 
5,600 00 

10,000 00 
5,000 00 
5,800 
4,100 
7.S50 

22,500 

26,300 

11,000 00 
600 00 
3,500 00 
5,200 00 
1,800 00 
(i.000 00 
5,000 00 
5,000 00 

15,400 00 



00 
00 
00 
00 
00 



$230,550 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



13 



Railroad Bonds. 







Estimated 






Par Value. 




Amount Invested. 






Market Value. 




Boston & Maine R.R. 7s, . 


$50,000 


$57,500 00 


$50,000 00 


Boston & Lowell R.R. 7s, 


22,000 


25,300 00 


22,000 00 


Boston & Lowell R.R. 6s, 


5,000 


5,600 00 


5,000 00 


Boston, Revere Beach & Lynn, R.R. 6s, 


14,000 


15,000 00 


14,000 00 


Boston, Winthrop & Shore R.R. 5s, 


50,000 


60,000 00 


50,000 00 


Old Colony R.R. 7s, . 


20,000 


■21,000 00 


20,000 00 


Old Colony R.R. 6s, . 


5,000 


5,500 00 


5,000 00 


Conn. & Passumpsic Rivers R.R. 7s, 


50,000 


57,500 00 


50,000 00 


New Bedford R.R. 7s, . 


10,000 


11,000 00 


10,000 00 


Newport & Richford R.R. 5s, . 


13,000 


13,000 00 


13,000 00 


Worcester & Nashua R.R. 5s, . 


5,000 


5,000 00 


5,000 00 




$244,000 


$276,400 00 


$244,000 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 11, 1887. 
Personally appeared John F. Kimball, Treasurer of the Andover Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Moses Foster, Justice of the Peace. 

Essex, ss., Nov. 11, 1887. 
Personally appeared Moses Foster, John Cornell, Joseph A. Smart, J. Tyler Kimball 
and Edward Taylor, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer ; and that they believe said statement to be true. 

Before me, John F. Kimball, Justice of the Peace. 



14 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ARLINGTON FIVE CENTS SAVINGS BANK — ARLINGTON. 

Incorporated April 2, 1860. Number of corporators, 38. 

Wm, G. Peck, President. Abel E,. Proctor, Treasurer. 

Abel R. Proctor, Clerk. 

Names of committee charged, with the investment of its funds : 

Wm. G. Peck, B. D. Locke. 

George Hill, 

Open for business Wednesdays, 3 to 8 p m. ; Saturdays, 3 to 9 p.m. After Jan. 1, 1888, 
will also open Tuesdays and Fridays, 3 to 6 p.m. 

Statement. 




Invested in real estate (for banking purposes), $20,000 00 

Estimated value of the same 25,000 00 

Assessed value of the same, 19,020 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,430 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 21,031 04 

Assessed value of the same, 24,740 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,288 83 
Number of outstanding loans which are of an amount not exceeding 

§3,000 each, 312 

Aggregate amount of the same, 293,120 09 

Cash on Deposit in Bank : — 

Faneuil Hall National Bank, Boston, $28,914 61 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $47,625 34 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 16,954 48 

ending Oct. 31, 1887, J 2 per cent.. 1 17,204 88 

Times for the dividends fixed by the by-laws : first Saturday in January 
and July. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



15 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,986 $185,126 65 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 134 74,166 61 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 1,580 165,851 73 

Number of accounts opened during the year ending Oct. 31, 1887, . 428 
Number of accounts closed during the year ending Oct. 31, 1887, . 221 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,630 92 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: June 4. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Bate. 


Amount. 


Rate. 


Amount. 


Rate. 


$28,914 61 

23,000 00 

5,000 00 

10,000 00 


3 per cent. 

4 " 
4£ " 
4| 


$51,087 00 
30,000 00 
51,600 00 

450,900 57 


5 per cent. 

5| 

6 


$6,000 00 

1,000 00 

11,860 00 

100 00 


Q»i per cent. 

7 
8 





Classification of Depositors' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $'200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and not more than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$16,897 20 

21,047 60 

53,898 57 

143,589 18 

242,666 22 

443,592 24 

383,140 48 

10,045 32 

35,176 17 

127,531 25 



Schedule A — Detailed Statement of Bublic Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4-1 s, . 
District of Columbia 6s, . 
County of Hillsborough, 1ST. H., 6s, 
of Hillsborough, N. H., 5s, 
City of Portland, Me., 6s, 


$1,000 

3,000 

3,000 

500 

20,000 


$1,085 00 

3,300 00 

3,360 00 

545 00 

24,200 00 


$1,000 00 

3,000 00 

3,000 00 

500 00 

20,000 00* 



* This was a legal investment when made. 



16 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Grand Rapids, Mich., 5s, 


$20,000 


$21,570 00 


$20,000 00 


of Springfield, Ohio, 5s, . 


17,000 


17,510 00 


17,000 00* 


of Cleveland, Ohio, 4s, . 


1,000 


1,000 00 


1,000 00* 


of Cleveland, Ohio, 5s, . 


3,000 


3,450 00 


3,000 00* 


of Cleveland, Ohio, 6s, . 


2,000 


2,260 00 


2,000 00* 


of Cleveland, Ohio, 7s, . 


2,000 


2,224 00 


2,000 00* 


of Milwaukee, Wis., 5s, . 


1,000 


1,000 00 


1,000 00 


of Newburyport, Mass., 6s, 


16,000 


16,960 00 


16,000 00 


of Lawrence, Mass., 6s, . 


6,000 


6,690 00 


6,000 00 


of Holyoke, Mass., 6s, 


5,000 


5,900 00 


5,000 00 


of Fall River, Mass., 6s, . 


2,000 


2.360 00 


2,000 00 


Town of Chatham, Mass., 4^s, 


12,000 


12,120 00 


12,000 00 


of Clinton, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 


of Woburn, Mass., 6s, . 


7,000 


- 7,700 00 


7,000 00 


of Arlington, Mass., 5s, 


2,000 


2,120 00 


2.000 00 


of Methuen, Mass., 6s, . 


1,000 


1,125 00 


1,000 00 


of Keene, N. H., 6s, 


500 


585 00 


500 00 




$135,000 


$147,064 00 


$135,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O o 






Estimated 




o «s 




Par Value. 




Amount Invested. 


* in 






Market Value. 




50 


Faneuil Hall Wl Bank, Boston, 


$5,000 


$6,950 00 


$5,000 00 


50 


Continental Wl Bank, Boston, 


5,000 


5,950 00 


5,000 00 


33 


Ni B'k of the Republic, Boston, 


3,300 


4,620 00 


3,300 00 


25 


Wl B 1 k of jSTo. America, Boston, 


2,500 


2,612 50 


2.500 00 


22 


First Ward Nat'l Bank, Boston, 


2,200 


2,860 00 


2,200 00 


12 


Nat'l Union Bank, Boston, 


1,200 


1,734 00 


1,200 00 


10 


Wl B'k of Redemption, Boston, 


1,000 


1,270 00 


1,000 00 




$20,200 


$25,996 50 


$20,200 00 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value 


Amount Invested. 


Conn. & Passumpsic Rivers R.R. 7s, 


$21,000 


$23,100 00 


$21,000 00 


Newport & Richford R.R. 5s, . 


20,000 


21.200 00 


20,000 00 


Mansfield A: Framingham R.R. 7s, . 


12,000 


12,240 00 


12,000 00 


Vermont & Massachusetts R.R. 5s, . 


10,000 


10,600 00 


10,000 00 


Boston, Revere Beach & Lynn R.R. 6s, 


8,000 


8,880 00 


8,000 00 


Nashua & Lowell R.R. 6s, 


6,500 


7,020 00 


6,500 00 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



17 



Railroad Bonds — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... 


$5,500 


$6,710 00 


$5,500 00* 


New Bedford R.R. 7s, . 


3,000 


3,450 00 


3,000 00 


Fitchburg R.R. 6s, . . . 


2,000 


2,200 00 


2,000 00 


Old Colony R.R. 6s, . 


1,000 


1,130 00 


1,000 00 


Lowell & Lawrence R.R. 6s, . 


1,000 


1,110 00 


1,000 00 


Salem & Lowell R.R. 6s, . 


1,000 


1,120 00 


1,000 00 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, . 


1,000 


1,100 00 


1,000 00 


Boston, Barre & Gardner R.R. 7s, . 


1,000 


1,120 00 


1,000 00 


Maine Central R.R. 7s, . 


1,000 


1,215 00 


1,000 00 




$94,000 


$102,195 00 


$94,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 12, 1887. 
Personally appeared Abel R. Proctor, Treasurer of the Arlington Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Geo. Y. Wellington, Justice of the Peace. 

Middlesex, ss., Nov. 12, 1887. 
Personally appeared Wm. G. Peck, B. D. Locke, Henry Mott, James A. Bailey, 
David P. Green and Geo. Y. Wellington, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs of 
the bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer ; and that they believe said statement to be true. 

Before me, Wm. H. H. Tuttle, Justice of the Peace. 



* This investment was legal when made. 



18 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ATHOL SAYINGS BAXK — ATHOL, 

Incorporated 1867. Number of corporators, 38. 

John G. Mudge, President. Alpheus Harding, Treasurer. 

Alpheus Harding, Clerk. 

Names of committee charged with the investment of its funds : 
Alpheus Harding, Lucien Lord, 

James M. Lee, John C. Hill, 

Solon W. Lee, 

Open for business every business day, 9 a.m. to 12 m., and 1.30 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Loan on public funds, 
Bank stock as per Schedule B, . 
Loans on bank stock, 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 

Expense account, 

Cash on hand, .... 


$39,000 00 | 

500 00 1 

9,800 00 

28,050 00 

40,000 00 

765,815 16 

345,356 00 

31,200 00 

30,000 00 

1,266 19 

1,062 11 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$1,231,537 29 
28,512 17 
32,000 00 




$1,292,049 46 


$1,292,049 46 



Loan on Public Funds : 
On $500 United States 4s, 



Loans on Bank Stock, amount on each : — 
On 50 shares Safety Fund National Bank, Fitchburg, . 
On 100 shares South Reading National Bank, Wakefield, 
On 28 shares Athol National Bank, Athol, . 
On 53 shares Westminster National Bank, Westminster, 
On 67 shares National Bank of Commonwealth, Boston, 
On 25 shares Miller's River National Bank, Athol, 



$500 00 

$4,500 00 
10,000 00 
1,850 00 
2,500 00 
6,700 00 
2,500 00 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 344 

Aggregate amount of the same, $320,121 16 

Cash on Deposit in Banks, amount in each : — 

Miller's River National Bank, Athol, $10,000 00 

Athol National Bank, Athol, 15,000 00 

National Bank of the Commonwealth, Boston, 5,000 00 



Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., 
ending Oct. 31, 1887, J 2 per cent 

Times for the dividends fixed by the by-laws : January 1 and July 1. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend, 4£. 



:;{ 



$61,833 33 
22,552 63 
23,488 62 



1888.] 



PUBLIC DOCUMENT — No. 8. 



19 



Date of the last extra dividend, Jan. 1, 1886. 

Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,347 $205,490 21 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 180 103,418 18 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,892 188,774 73 

Number of accounts opened during the year ending Oct. 31, 1887, . 627 
Number of accounts closed during the year ending Oct. 31, 1887, . 438 
Amount of expenses of the corporation during the year ending Oct. 

31, 1887, 3,902 25 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: March 26. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$15,000 00 
11,000 00 
97,000 00 


2^ per cent. 
4 


$61,500 00 

492,956 00 

33.600 00 


4| per cent. 
5 

°2 


$90,000 00 
399,865 16 


5| per cent. 
6 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



"Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both, adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, . 



4,027 

1,288 

432 

531 

788 

694 

294 

1,968 

28 

25 

61 



$22,811 29 

30,985 87 

74,266 59 

261,090 25 

481,623 54 

360,759 75 

559,944 69 

12,322 74 

9,122 10 

21,237 59 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States currency 6s, 
City of Mericlen, Conn., 6s, 
of Cambridge, Mass., 6s, 
of Lynn, Mass., 6s, . 
of Newton, Mass., 5s, 



$10,000 

4,000 

5,000 

10,000 

10,000 



$12,500 00 

4,400 00 

5,000 00 

11,000 00 

11,200 00 



$39,000 



$44,100 00 



$10,000 00 

4,000 00 

5,000 00 

10,000 00 

10,000 00 



$39,000 00 



20 



BANK COMMISSIONERS' REPORT. 



[Jaji.. 



Schedule B — Detailed Statement of Bank Stocks. 



o & 

. Si 

O oj 




Par Value. 


Estimated 
Market Value. 


Amount Invested.. 


11 

50 
10 

27 


Blackstone Nat'l Bank, Boston, 
JSTat'l Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Miller's River N 1 ! Bank, Athol, 


$1,100 
5,000 
1,000 
2,700 


$1,155 00 
5,000 00 
1,290 00 
4,995 00 


$1,100 00 
5,000 00 
1,000 00 
2,700 00 




$9,800 


$12,440 00 


$9,800 00 



Railroad Bonds. 



, 


Par Value. 


Estimated 
Market Value. 


Amount Invested- 


Fitchburg R.K. 4s, . 

Vermont & Massachusetts R.R. 5s, . 


$20,000 
20,000 


$20,000 00 
22,240 00 


$20,000 00* 
20,000 00 




$40,000 


$42,240 00 


$40,000 00- 



. Commonwealth of Massachusetts. 
Worcester, ss., Athol, Nov. 12, 1887. 

Personally appeared Alphetis Harding, Treasurer of the Athol Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Wm. D. Luet, Justice of the Peace. 

Worcester, ss. Athol, Nov. 12, 1887. 

Personally appeared John G. Mudge, Geo. N. Kendall, Lucien Lord, O. T. Brooks,. 
Geo. T. Johnson and J. C. Hill, being five or move of the trustees of said corporation,, 
and severally made oath that they have made an examination of the affairs of the bank ;. 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Wm. D. Luey, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



21 



ATTLEBOROUGH SAVINGS BANK — NORTH ATTLEBOROUGH. 

Incorporated 1860. Number of corporators, 54. 

Abiel Codding, President. Edward R. Price, Treasurer. 

Edward R. Price, Clerk. 

Names of committee charged with the investment of its funds : 
Abiel Codding, Geo. A. Dean, 

Benj. S. Freeman, Randolph Knapp, 

Jos. G. Barden. John R. Bronson. 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Rank stock as per Schedule B, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposit in bank, on interest, 
Deposit in bank, not on interest, 
Expense account, 


$29,000 00 
10,100 00 
407,562 31 
305,934 75* 

66,300 00 

18,205 97 

2,511 51 

170 58 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$801,901 32 
13.183 80 
24,700 00 




$839,785 12 


$839,785 12 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, .292 

Aggregate amount of the same, $320,837 96 

Amount of investments from which no income is received, .... 17,942 63 

Cash on Deposit in Banks, amount in each : — 

Boston Safe Deposit and Trust Co., Boston, $18,205 97 

North Attleborough National Bank, 2,511 51 

Whole amount of interest or profits received or earned during year ending 

Oct 31, 1887, $42,441 12 

Rate and amount of each semi-annual dividend for the year \ 2 per cent., J 14,939 98 
ending Oct. 31, 1887, I 2 per cent., 1 15,114 89 

Times for the dividends fixed by the by-laws : Tuesday after second Mon- 
day in April and October. 

Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,466 $186,474 68 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, . . . . . .124 75,853 21 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887, 1,590 185,276 23 

Number of accounts opened during the year ending Oct. 31, 1887, . 545 

Number of accounts closed during the year ending Oct 31, 1887, . 363 

Amount of expenses of the corporationMuringthe year ending Oct. 31, 1887, 2,408 11 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: April 12. 

* This bank was notified that these loans exceeded the legal limit, and they were reduced 
December 1 within the amount provided by statute. 



22 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$18,205 97 
47,000 00 
17,942 63 
65,300 00 


2 per cent. 

4 ' " 
41 << 

5 " 


$25,000 00 
32,500 00 
25,000 00 


5| per cent. 

oh " 
5| " 


$507,654 43 

50,000 00 

9,400 00 


6 per cent. 
6h » 

7 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



2,516 
880 
238 
348 
367 
317 
366 

1,133 

8 

37 

160 



$15,504 79 

16,059 48 

49,439 76 

120.40L 35 

215,228 18 

385,267 76 

363,700 81 

4,262 03 

22,326 39 

67,999 25 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Town of Brookline, Mass., 5s, 

of Attleborough, Mass., 4s, . 


$9,000 
20,000 


$9,810 00 
20,800 00 


$9,000 00 
20,000 00 




$29,000 


$30,010 00 


$29,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



V- CO 

O a. 

6 2 
fc 55 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


51 

50 


First N 1 l Bank, Attleborough, 
Boston Nat'l Bank, Boston, . 


$5,100 
5,000 


$0,120 00 
0,000 00 


$5,100 00 
5,000 00 




$10,100 


$12,120 00 


$10,100 00 



1888.] PUBLIC DOCUMENT — No. 8. 23 

Commonwealth of Massachusetts. 

Bristol, ss., Nov. 23, 1887. 
Personally appeared Edward R. Price, Treasurer of the Attleborough Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Fred B. Byram, Justice of the Peace. 

Bristol, ss., Nov. 23, 1887. 
Personally appeared Randolph Knapp, Burrill Porter, Jr., J. D. Richards, A. E. 
Codding and S. E. Fisher, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; that 
the books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Fred B. Byram, Justice of the Peace. 

Bristol, ss., Nov. 29, 1887. 
Personally appeared Abiel Codding, president of said corporation, and made oath 
that he had made an examination of the affairs of the bank ; that the books and records 
of said institution indicate the state of affairs as .above attested by the treasurer; and 
that he believes said statement to be true. 

Before me, Fred B. Byram, Justice of the Peace. 



24 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BARRE SAVINGS BANK — BARRE. 

Incorporated 1869. Number of corporators, 43. 

Charles Brimblecom, President. Frank A. Rich, Treasurer. 

Frank A. Rich, Clerk. 

Names of committee charged with the investment of its funds : 
Charles Brimblecom, J. Henry Goddard, 

James W. Jenkins, 

Estes Haayes, 



Oramel Clark. 



Open for business every business day, except Saturdays, 9 a.m. to 12 m., 1 to 4 p.m. ; 

Saturdays, 9 a.m. to 12 m. 

Statement. 



Assets. 


Liabilities. 


Bank stock as per schedule, 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposit in bank, on interest, 
Deposit in bank, not on interest, 
Expense account, 
Suspense account, 


$C0,166 00 

6,060 00 

110,527 57 

81,324 00 

3,000 00 

10,000 00 

3,167 81 

320 70 

14 56 


Deposits, . 
; Earnings undivided, 
! Guaranty fund, 


$289,770 89 
7,679 75 
7,130 00 




$304,580 64 


$304,580 64 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 73 

Aggregate amount of the same, $71,076 57 

Cash on Deposit in Bank : — 
First National Bank, Barre, $13,167 81 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $13,834 85 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 5,229 28 

ending Oct. 31, 1887, 1 2 per cent., 1 5,409 64 

Times for the dividends fixed by the by-laws : January 15 and July 15. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 540 $47,632 08 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 41 22,324 03 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 436 39,457 91 

Number of accounts opened during the year ending Oct. 31, 1887, . 136 
Number of accounts closed during the year ending Oct. 31, 1887, • 85 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,127 90 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner: July 26. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



25 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$10,000 00 

5,700 00 

20,175 00 


2£ per cent. 
5 " 
51 


$13,800 00 

7,500 00 

126,627 57 


5^ per cent. 

5| 

6 


$21,000 00 
49 00 


6^ per cent. 

7 



Classification of Depositors 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$5,656 42 

9,274 79 

20,269 77 

66,574 83 

86,746 22 

101,248 86 

131,267 93 

1,621 40 

1,829 31 

4,957 43 



Detailed Statement of Bank Slocks. 



O O) 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


42 

62 
20 
17 
25 
41 
32 
46 
25 

9 
34 
20 
30 
60 
50 

7 
52 
21 
50 
20 
55 


Blaokstone Nat/1 Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Continental N'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
N'l B'k of Commerce, Boston, 
N'l B'k of Redemption, Boston, 
N'l Hide & Leather B'k, Boston, 
Nat'l Revere Bank, Boston, 
Second Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston, 
Suffolk Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Market Nat'l Bank, Brighton, 
Ware Nat'l Bank, Ware, . 
Central Nat'l Bank, Worcester, 
Citizens' N'l Bank, Worcester, 
City Nat'l Bank, Worcester, . 
First Nat'l Bank, Worcester, . 
First Nat'l Bank, Barre, . 
• 


$4,200 
6,200 
2,000 
1,700 
2,500 
4,100 
3,200 
4,600 
2,500 

900 
3,400 
2,000 
3,000 
6,000 
5,000 

700 
5,200 
2,100 
5,000 
2,000 
5,500 


"$4,872 00 
7,502 00 
2,600 00 
2,023 00 
3,200 00 
8,528 00 
4,224 00 
5,750 00 
2,950 00 
1,116 00 
5,134 00 
2,040 00 
3,300 00 
6,480 00 
6,900 00 
861 00 
7,696 00 
2,772 00 
6,800 00 
3,900 00 
5,775 00 


$4,305 00 
7,130 00 
2,260 00 
1,802 00 
2,950 00 
8,118 00 
3,616 00 
5,520 00 
2,900 00 
1,035 00 
5,100 00 
1,900 00 
3,450 00 
6,360 00 
7,050 00 
840 00 
7,280 00 
2,625 00 
6,300 00 
3,300 00 
6,325 00 




$71,800 


$94,423 00 


$90,166 00 



26 



BAXK COMMISSIONERS' REPORT. [Jan. 



Rcsilri i i Be nds. 



Fa: Value. 



H-::u;A:e:: 

31: rke; Value. 



Aui : .::.: luveste^. 



E istern EK, 6s, 

lE.Pi. is. 



U 



- . " £5,201 



§6,940 00 |6 S 060 00 



Comjioxwralth op Massachusetts. 

worcester, ss., > 1 . 12. 1ss7. 
7 s appeared Frank A. Rich, Treasurer of the Barre Sayings Bank, and made 

oath that the foregoing statement, by him subscribed, is a true and correct statement of 
all the resources and liabilities of said institution, and that the answers made by him to 
the foregoing interrogatories contain the whole truth in reference to the matters to 
which they relate, according to his best knowledge and belief. 

Bi::re uie, Charles Brlmblecom, Justice oft he Pz 

Worcester, ss.. Nov. 12, 1887. 
rfrsonally appeared Chas. Brimblecom. N. L. Johnson, Jas. W. Jenkins, Estes 
Hawes and Oramel Clark, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be trae. 

Before me. Frank A. B.ich, Justice of the Peace. 



These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — Xo. 8. 



27 



BASS RIVER SAVINGS BAXK— SOUTH YARMOUTH. 

Incorporated April 20, 1874. Number of corporators, 34. 

David Kelley, President. David D. Kelley, Treasurer 

H. D. Lorixg, Clerk. 

Names of committee charged with the investment of its funds : 
David ELelley, Hiraat Losing, 



Obed Baker, 3d, 
Russell D. F arris, 



Stephen Wixg, 

Peleg P. Aeix. 



Open for business every business day, 2 to 4 p.m. 



:atemext. 



ASSETS. 






Liaeil:::^ 




Public funds as per Schedule A, 


8-59.792 So 


Deposits, 




£470,19* ■ 


Bank stock as per Schedule B, . 


85,6: 


Earnings 


undivided, 


418 : ; 


Loan on bank stock, . 


1,167 30 


Guarantv 


fund, 


" ,622 41 


Railroad bonds, .... 


41,150 00 








Real estate bv foreclosure, . 


490 11 








Loans on real estate, . 


110,222 46 








Loans on personal security, 


154,671 53 








Loans to counties, cities or towns 










(notes i, 


8,700 00 








Deposits in banks, on interest, . 


I M6 51 








Loans on depositors' books, 


240 00 








Sagamore Manufacturing Co.,*. 


5,507 81 








Border City Manufacturing Co.,* 


i 5,454 54 








Cash on hand, .... 


2.3' 01 










6478,239 47 


»78,2» 47 



Loan on Bank Stock : — 

On 20 shares First National Bank of Yarmouth, 81,167 30 

Talue (by books) of real estate, held by foreclosure or otherwise, . . 8490 11 

Assessed value of the same, 500 00 

Net income received from same during year ending Oct. 31, 1887, - 8 50 
Number of outstanding loans which are of an amount not exceeding 

83,000 each, 168 

Aggregate amount of the same, 139,941 29 

Amount of investments from which no income is received, .... 6,160 00 

Cash on Deposit in Banks, amount in each : — 

Maverick National Bank, Boston, 8719 21 

National Bank of the Republic, Boston, 1S5 00 

International Trust Co., Boston, 1,942 30 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1S87, $20,470 45 

Rate and amount of each semi-annual dividend for the year 1 If per cent., < 7.242 74 

ending Oct. 31, 1887, -J 2 percent.. 5.-52 27 

Times for the dividends fixed by the by-laws : April 1 and October 1. 



* Taken to secure indebtedness. 



28 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount ot deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,013 $112,967 75 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 103 44,481 74 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 726 84,438 07 

Number of accounts opened during the year ending Oct. 31, 1887, . 281 
Number of accounts closed during the year ending Oct. 31, 1887, . 155 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,821 60 

Amount of treasurer's bond 10,000 00 

Date of examination by commissioner: September 8. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$185 00 

2,661 51 

19,500 00 


2 per cent. 
2£ 


$38,000 00 i 4| per cent. 
97,605 46 J 5 " 
55,960 00 5£ 


$57,837 83 
6,098 00 


6 per cent. 

7 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, . 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, . 
To the credit of religious and charitable associations, 
In trust, 




$9,204 12 

11,816 41 

33,827 74 

114,036 04 

163,522 68 

137,791 69 

189,169 90 

3,571 97 

4,418 91 

17,643 12 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Providence, R. I., 5s, . 


$10,000 


$11,400 00 


$11,442 85 


of ( 'olumbus, Ohio, 4s, . 


10,000 


9,900 00 


10,000 00 


of Boston, Mass., 4s, 


10,000 


10,400 00 


10,000 00 


of Lowell, Mass., 4s, . ' 


8,000 


8,080 00 


8,000 00 


Town of Spencer, Mass., 4s, . 


10,000 


10,100 00 


10,350 00 


of Beverly, Mass., 4s, . 


5,000 


5,000 00 


5,000 00 


of Clinton, Mass., 4s, . 


5,000 


5,()0() 00 


5,000 00 




$58,000 


$59,880 00 


$59,792,85 



1888.] 



PUBLIC DOCUMENT — No. 8. 



29 



Schedule B — Detailed Statement oj Bank Stocks. 



O O 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


63 
25 
15 

13 

82 
73 
8 
14 
21 
50 
10 
49 
50 
30 
55 
50 
30 
56 
20 
24 
12 


Everett Natl Bank, Boston, . 
Shawmut Nat'l Bank, Boston. 
State Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, 
N'l B'k of the Republic, Boston, 
Tremont Natl Bank, Boston, . 
Blackstone Nat'l Bank, Boston, 
Old Boston Natl Bank, Boston, 
Natl Eagle Bank, Boston, 
Manufacturers' N'l B'k, Boston, 
Suffolk Nat'l Bank, Boston, 
Second Natl Bank, Boston, 
Natl Exchange Bank, Boston, 
Boston Nat'l Bank, Boston, 
Faueuil Hall N'l Bank, Boston, 
N'l B'k of Redemption, Boston, 
Atlas Natl Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
Citizens' N'l B'k, New Bedford, 
First N'l Bank, New Bedford, 
First Nat'l Bank, Yarmouth, . 


$6,300 
2,500 
1,500 
1,300 
8,200 
7,300 
800 
700 
2,100 
5,000 
1,000 
4,900 
5,000 
3,000 
5,500 
5,000 
3,000 
5,600 
2,000 
2,400 
1,200 


$6,111 00 
3,131 25 
1,743 75 
1,192 75 

11,490 25 
7,373 00 
870 '00 
812 00 
2,100 00 
4,725 00 
1,147 50 
7,350 00 
6,337 50 
3,570 00 
7,658 75 
6,362 50 
3,540 00 
7,728 00 
2,700 00 
3,360 00 
1,680 00 


$6,615 00 
2,750 00 
1,770 00 
1,300 00 
9,429 88 
7,780 00 
800 00 
756 00 
2,205 00 
5,241 80 
1,000 00 
6,738 00 
5,927 00 
3,270 00 
6,765 00 
6,500 00 
3,660 00 
7,280 00 
2,000 00 
2,400 00 
1,508 67 




$74,300 


$90,983 25 


$85,696 35 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R.R. 6s, . 

Old Colony R.R. 7s, . 

New Bedford R.R. 7s, . 

Fitchburg R.R. 4s, . 

Vermont & Massachusetts R.R. 5s, . 


$3,000 
4,000 
3,000 

25,000 
5,000 


$3,300 00 
4,520 00 
3,390 00 

24,525 00 
5,300 00 


$3,000 00 
4,000 00 
3,000 00 

25,600 00 
5,550 00 




$40,000 


$41,035 00 $41,150 00 



Commonwealth of Massachusetts. 

Barnstable, ss., Nov. 21, 1887. 
Personally appeared David D. Kelley, Treasurer of the Bass River Savings Bank, and 
affirmed that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Russell D. Fakris, Justice of the Peace. 



30 BAXK COMMISSIONERS' EEPORT. [Jan. 

Commonwealth of Massachusetts. 

Barnstable, ss., Nov. 21, 1887. 
Personally appeared David Kelley, Obed Baker, 3d, Stephen Wing and H. D. Loring, 
being four of the trustees of said corporation, and severally affirmed that they have 
made an examination of the affairs of the bank; that the books and records of said 
institution indicate the state of affairs as above attested by their treasurer; and that 
they believe said statement to be true. 

Before me, Russell D. Farms, Justice of the Peace. 

Barnstable, ss., Nov. 21, 1887. 
Personally appeared Russell D. Farris, one of the trustees of said corporation, and 
affirmed that he has made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that he believes said statement to be true. 

Before me, Daniel Wing, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



31 



BELMONT SAYINGS BANK — BELMONT. 

Incorporated 1885. Number of corporators, 42. 

J. Varnum Fletcher, President. W. L. Chenery, Treasurer. 

Thos. W. Davis, Clerk. 

Names of committee charged with the investment of its funds : 
J. Varnum Fletcher, G. C. Holt, 

Frederic Dodge, J. L. Ellis. 

Thos. D. Blake, 

Open for business Wednesdays, 4 to 6 and 7 to 8 p.m. 
Statement. 



Assets. 


Liabilities. 


Bank stock as per schedule, 

Loan on railroad bonds, 

Loans on real estate, . 

Deposits in bank, on interest, . 

Expense account, 

Suspense account, 

Cash on hand, .... 


$1,780 87 

2,000 00 

10,950 00 

2,006 57 

6 91 

1,745 92 

162 03 


Deposits, . 
Earnings undivided. 
Guaranty fund, 


$18,436 98 

170 32 

45 00 




$18,652 30 


$18,652 30 



Loan on Railroad Bonds : — 
On $2,000 Fitchburg R.R. 7s, *$2,000 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 8 

Aggregate amount of the same, $12,950 00 

Amount of investments from which no income is received, .... 1,745 92 

Cash on Deposit in Bank : — 
Faneuii Hall National Bank, Boston t$2,006 57 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $788 50 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 290 84 

ending Oct. 31, 1887, i li per cent., 1 242 05 

Times for the dividends fixed by the by-laws : third Wednesday in 

January and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 234 $6,769 31 

* This bank was notified that this loan exceeded the legal limit, and correction has since 
been made. 

f This bank was notified that this deposit exceeded the legal limit, and it has since been 
reduced within 5 per cent, of the deposits. 



32 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits of and exceeding $ 300 at any one 

time during the year ending Oct. 31, 1887, 4 $1,877 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 33 4,740 88 

Number of accounts opened during the year ending Oct. 31, 1887, . 62 
Number of accounts closed during the year ending Oct. 31, 1887, . 9 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 72 90 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner : September 7. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


1 
Rate. 


Amount. 


Rate. 


$2,006 57 

1,000 00 

- 


2 per cent. 
4 " 


$1,800 00 


5 per cent. 


$10,150 00 


6 per cent. 



Classification of Depositors" Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 

To the credit of religious and charitable associations, 

In trust 




$1,570 24 
1,669 99 
3,320 27 
3,491 03 
5,279 55 
3,105 90 
6,850 42 
129 5ti 
153 03 



Detailed Statement of Bank Stocks. 



No. of 1 
Shares. 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


2 
3 
3 

4 
5 


Nat'l Webster Bank, Boston, . 
X'l Hide & Leather B'k, Boston, 
Freeman's Natl Bank, Boston, 
Trader's Nat'l Bank, Boston, . 
Third Nat 1 ! Bank, Boston, 


$200 
300 
300 
400 
500 


$205 25 
343 50 
282 00 
377 00 
501 25 


$214 25 
361 50 
319 50 
390 00 
495 62 




$1,700 


$1,709 00 


$1,780 87 



1888.] PUBLIC DOCUMENT — No. 8. 33 

Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 22, 1887. 
Personally appeared Winthrop L. Chenery, Treasurer of the Belmont Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Frederic Dodge, Justice of the Peace, 

Middlesex, ss., Nov. 22, 1887. 
Personally appeared J. Varnum Fletcher, Jos. O. Wellington, James E. Locke, 
Chandler Robbins, Josiah S. Kendall and Thos. D. Blake, being five or more of the 
trustees of said corporation, and severally made oath that they have made an examina- 
tion of the affairs of the bank ; that the books and records of said institution indicate 
the state of affairs as above attested by their treasurer ; and that they believe said state- 
ment to be true. 

Before me, Frederic Dodge, Justice of the Peace. 



34 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BENJAMIN FKANKLIN SAVINGS BANK — FRANKLIN. 

Incorporated Feb. 21, 1871. Number of corporators, 40. 



Davis Thayer, Jr., President. 



Chas. W. Stewart, Treasurer. 



Chas. WVStewart, Clerk. 

Names of committee charged with the investment of its funds 
Dayis Thayer, Jr., A. A. Fletcher, 



James P. Ray, 
Jos. G. Ray, 
James M. Freeman, 



Aaron H. Morse, 
E. H. Sherman. 



Open for business every business day, 9 a.m to 12 m., and 1 to 4 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$1,815 00 


Deposits, . 


$324,343 47 


Bank stock as per Schedule B, . 


45,566 77 


Earnings undivided, 


5,428 26 


Real estate by foreclosure, 


12,760 68 


Guaranty fund, 


9,438 03 


Loans on real estate, . 


198,106 10 






Loans on personal security, 


46,327 60 






Loans to counties, cities or towns 








(notes), 


20,000 00 






Deposits in banks, on interest, . 


10,410 87 






Expense account, 


797 50 






Profit and loss account, 


600 00 






Suspense account, 


806 38 






Bank furniture, .... 


968 68 






Cash on hand, .... 


1,050 18 








$339,209 76 


$339,209 76 



Value (by books) of real estate, held by foreclosure or otherwise, . . $12,760 68 

Assessed value of the same, 14,435 00 

Net income received from same during year ending Oct. 31, 1887, . . 195 04 

Number of outstanding loans which are of an amount not exceeding $3,000 . 

each, 247 

Aggregate amount of the same, 170,433 70 

Amount of investments from which no income is received, .... 3,300 00 

Cash on Deposit in Banks, amount in each : — 

Franklin National Bank, Franklin $310 63 

Maverick National Bank, Boston, . 9,212 14 

International Trust Company, Boston, 888 10 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887 $14,947 73 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 5,918 22 

ending Oct. 31, 1887, J 2 per cent., 1 6,07150 

Times for the dividends fixed by the by-laws : January and July. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



35 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 1,117 $84,709 14 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 72 38,935 92 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 798 79,496 73 

Number of accounts opened during the year ending Oct. 31, 1887, . 230 
Number of accounts closed during the year ending Oct. 31, 1887, . 195 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 887 81 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : February 17. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$10,410 87 
10,000 00 
10,000 00 


2 per cent. 

4 

4£ " 


$20,000 00 
51,483 00 


4| per cent. 
5 


$171,650 70 
1,300 00 


6 per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, .... 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust 



$13,135 06 
10,302 91 
24,797 99 
77,843 28 

122,282 02 
75,982 21 

145,012 82 

2,617 23 

2,043 82 

16,574 93 



Schedule A — Detailed Statement of Public Funds. 





Estimated 
Par Value. 

Market Value. 


Amount Invested. 


City of Bath, Me., 6s, 


$2,000 


$2,000 00 


$1,815 00* 



* This was a legal investment when made. 



36 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



O <D 

. S-. 

O 03 
^ CO 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


12 
75 
14 
27 

5 
70 
30 

9 
25 
10 
15 
16 

8 
31 
2-3 


National Bank of Wrentham, . 
Franklin Natl Bank, Franklin, 
Columbian Natl Bank, Boston, 
N'l Bank of Commerce, Boston, 
Continental N'l Bank, Boston, 
Eliot Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
N'l Hide & Leather B'k, Boston, 
Howard Natl Bank, Boston, . 
Market Natl Bank, Boston, . 
N'l B'k of No. America, Boston, 
Natl Revere Bank, Boston, . 
Shoe & Leather N'l B'k, Boston, 
Tremont Natl Bank, Boston, . 
Washington N'l Bank, Boston, 


$840 
7,500 
1,400 
2,700 

500 
7,000 
3,000 

900 
2,500 
1,000 
1,500 
1,600 

800 
3,100 
2,300 


$960 00 
8,627 00 
1,785 00 
3,307 50 

598 75 
8,960 00 
3,675 00 
1,030 50 
2,750 00 

917 50 
1,571 00 
2,000 00 

808 00 
3,187 50 
2,852 00 


$1,239 00 
8,932 65 
1,845 00 
3,456 00 
620 00 
8,887 50 
3,790 00 
1,032 75 
2,902 50 
1,100 00 
1,680 00 
1,776 00 
1,137 00 
3,902 37 
3,266 00 




$36,640 


$43,029 75 


$45,566 77 



Commonwealth of Massachusetts. 

Norfolk, ss., Nov. 15, 1887. 
Personally appeared Chas. W. Stewart, Treasurer of the Benjamin Franklin Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, George W. Wiggin, Justice of the Peace. 

Norfolk, ss., Nov. 15, 1887. 
Personally appeared Davis Thayer, Jr., James M. Freeman, A. H. Morse, A. A. 
Fletcher and Chas. P. Carter, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, George W. Wiggin, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



37 



BERKSHIRE COUNTY SAVINGS BANK — PITTSFIELD. 

Incorporated 1847. Number of corporators, 46. 

Julius Rockwell, President. Robt. W. Adam, Treasurer. 

John R. Warriner, Clerk. 

Names of committee charged with the investment of its funds : 
Wm. G. Backus, Wm. H. Sloan, 

S. V. R. Daniels, Robt. W. Adam. 

Jabez L. Peck, 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 




Loan on Public Funds : — 

On $4,000 United States 4s, $4,000 00 

Loans on Bank Stock, amount on each : — 

On 8 shares Berkshire National Bank, North Adams, .... $600 00 

On 10 shares Third National Bank, Pittsfleld, 1,000 00 

On 15 shares Third National Bank, Pittsfleld 1,365 00 

On 10 shares Pittsfleld National Bank, Pittsfleld, ...'... 900 00 



Loan on Railroad Bonds : — 
On $4,000 Boston & Albany R.R. 7s, 



$2,000 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $1,«30 00 

Assessed value of the same, . . . 1,300 00 

Net income received from same during year ending Oct. 31, 1887, . . 30 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 278 

Aggregate amount of the same, 330,835 00 



38 



BANK COMMISSIONERS' REPORT. [Jan. 



Cash on Deposit in Banks, amount in each : — 

Agricultural National Bank, Pittsfield, $1,594 73 

Pittsfield National Bank, Pittsfield, 518 73 

National Revere Bank, Boston, 8,713 16 

National Bank of the Republic, Boston, . . . . . . . 537 25 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $103,988 69 

Rate and amount of each semi-annual dividend for the year \ 2 per cent., f 39,838 66 

ending Oct. 31, 1887, J 2 per cent., I 40,790 89 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 7,379 $505,749 47 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887 305 168,702 23 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 5,045 457,462 22 

Number of accounts opened during the year ending Oct. 31, 1887, 1,402 
Number of accounts closed during the year ending Oct. 31, 1887, . 977 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 6,323 59 

Amount of treasurer's bond, 50,000 00 

Date of examination by commissioner : October 15. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$537 25 
8,713 16 


2 per cent. 
2£ " 


$25,000 00 
42,550 00 


3£ per cent. 

4 


$1,043,472 00 
67,012 00 


5 per cent. 
6 



Classification of Dejjositors" 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $")0 or less 

Exceeding $50 and not more than $100, . . 
Exc< eding $100 and not more than $200, . 
Exceeding $200 and not more than $500, . 
K x (■(•(•< I hilt $-')00 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$74,472 97 

66,481 53 

157,217 81 

458,049 49 

842,469 27 

633,200 98 

1,125,407 70 

8,766 90 

13,327 72 

27,231 11 



1888.] PUBLIC DOCUMENT — No. 8. 

Schedule A — Detailed Statement of Public Funds. 



39 



United States 4s, 
United States 6s, 
District of Columbia 6s, . 
State of New Hampshire 6s, 
City of Springfield, Ohio, 6s, 
of Dayton, Ohio, 4s, 
of Columbus, Ohio, 4s, 
of Milwaukee, Wis., 7s, 
of East Saginaw, Mich., 7s, 
of Providence, R. I., 5s, 
of East Providence, R. I., 5s, 
of Keene, N. H., 4s, 
of Bath, Me., 6s, 
of Boston, Mass., 4s, 
of Lowell, Mass., 4s, 
of Taunton, Mass., 4s, 
of Charlestown, Mass., 6s 
Town of Pittsfield, Mass., 7s, 
of Pittsfield, Mass., 4s, 
of Pittsfield, Mass., 3is 
of Marlborough, Mass., 4s, 
of Spencer, Mass., 4s, 
of Adams, Mass., 6s, 
of Pawtucket, R. L, 5s, 
of West Hartford, Ct., 4s, 



Par Value. 



$195,000 
55,000 
30,000 
10,000 
25,000 
90,000 
50,000 

5,000 

4,000 
27,000 
26,500 
20,000 
12,000 
30,000 
39,000 
27,000 

5,000 
35,000 

1,000 
15,000 
75,000 
35,000 
500 
20,000 
18,000 



$850,000 



Estimated 
Market Value. 



$247,162 50 
69,850 00 
32,407 50 
12,069 50 
28,000 00 
90,000 00 
50,000 00 

5,500 00 

4,400 00 
30,020 00 
27,957 50 
20,200 00 
12,360 00 
30,750 00 
39,780 00 
27,270 00 

5,162 50 
36,400 00 

1,000 00 
15,000 00 
75,750 00 
35,350 00 
520 00 
21,900 00 
18,180 00 



$936,989 50 $869,932 22 



Amount Invested. 



$212,232 02 
55,000 00 
30,000 00 
11,000 00 
25,000 00* 
90,000 00 
50,000 00 

5,000 00 

4,000 00* 
27,500 00 
26,500 00 
20,000 00 
12,000 00* 
30,000 00 
39,325 20 
27,000 00 

5,000 00 
35,000 00 

1,000 00 
15,000 00 
75,625 00 
35,250 00 
500 00 
20,000 00 
18,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O o 






Estimated 




O oS 


•» 


Tar Value. 




Amount Invested. 


fc ti 






Market Value. 




41 


Blackstone Natl Bank, Boston, 


$4,100 


$4,340 00 


$4,100 00 


32 


Howard Natl Bank, Boston, . 


3,200 


3,448 00 


3,200 00 


20 


Shawmut Natl Bank, Boston, 


2,000 


2,505 00 


2,000 00 


35 


North Natl Bank, Boston, 


3,500 


4,585 00 


3,500 00 


45 


Atlantic Natl Bank, Boston, . 


4,500 


6,008 00 


4,500 00 


68 


Merchants 1 Natl Bank, Boston, 


6,800 


9,520 00 


6,800 00 


100 


Boston Natl Bank, Boston, 


K',000 


11,190 00 


10,000 00 


109 


Atlas Natl Bank, Boston, 


10,900 


12,535 00 


11,900 00 


120 


Natl Revere Bank, Boston, 


12,000 


15,000 00 


12,000 00 


80 


Natl Webster Bank, Boston, . 


8,000 


8,210 00 


8,000 00 


80 


Natl Eagle Bank, Boston, 


8,000 


8,000 00 


8,000 00 


25 


Nl Hide & Leather Bis:, Boston, 


2,500 


2,863 00 


2,500 00 


60 


Nl B^ of Commerce, Boston, 


6,000 


7,320 00 


6,000 00 



* These were legal investments when made. 



40 BANK COMMISSIONEKS' REPORT. [Jan. 

Schedule B — Concluded. 



O o 




Estimated 




c * 




Par Value. 




Amount Invested. 


* S 






Market Value. 




80 


N'l B'k of the Republic, Boston, 


88,000 


$11,200 00 


$9,000 00 


20 Hadley Falls N'l B'k, Holyoke, 


2,000 


3,000 00 


2,000 00 


2 I Adams N'l Bank, Xo. Adams, 


200 


300 00 


200 00 


32 Agricultural N'l B'k, Pittsfield, 


• 3,200 


8,000 00 


3,200 00 


101 Pittsfield Nat'l Bank, Pittsfield, 


10,100 


16,160 00 


12,100 00 


64 


Lee Xafl Bank, Lee. 


6,400 


8.812 00 


6,400 00 


60 


First Nat'l B'k, Chicopee, 


6,000 


9,000 00 


6,000 00 




8117,400 


8151,996 00 


$121,400 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Worcester & Nashua R.R. 5s, . 

N. Y., N. H. & Hartford R.R. 4s, . 

Vermont & Massachusetts R.R. os, . 

Boston & Albany R.R. 7s, 

Boston, Revere Beach & Lynn R.R. 6s, 

Conn. & Passumpsic Rivers R.R. 7s, 



$10,000 
25,000 
25,000 
25,000 
11,000 
26,500 



$122,500 



$10,400 00 
25,250 00 
26,250 00 
27,750 00 
12,485 00 
29,150 00 



$10,000 00 
25,000 00 
25,600 25 
26,550 00 
12,000 00 
28,500 00* 



$131,285 00 



$127,650 25 



com3ioxwealth of massachusetts. 

Berkshire, ss., Nov. 9, 1887. 
Personally appeared Robert W. Adam, Treasurer of the Berkshire County Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and belief. 
Before me, Wm. L. Adam, Justice of the Peace. 

Berkshire, ss., Nov. 9, 1887. 
Personally appeared W. G. Backus, S. V. R. Daniels, W. H. Sloan, H. M. Peirson, 
John C.West and J. M. Stevenson, being five or more of the trustees of said corporation 
and severally made oath that ihey have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Wm. L. Adam, Justice of the Peace. 

Berkshire, ss., Nov. 21, 1887. 
Personally appeared Julius Rockwell, President of the Berkshire County Savings 
Bank, and made oath that he has made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer; and that he believes said statement to be true. 

Before me, Wm. R. Piankett, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



41 



BEVERLY SAVINGS BANK — BEVERLY. 

Incorporated 1867. Number of corporators, 35. 

Wm. Endicott, President. Robt. G. Bennett, Treasurer. 

Robt. G. Bennett, Clerk. 

Names of committee charged with the investment of its funds : 

Wm. Endicott, John Meacom. 

John Pickett, 

Open for business every business day, 8.30 a.m. to 1.30 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$35,000 00 


Deposits, . 


$987,345 19 


Bank stock as per Schedule B, . 


218,710 00 


Earnings undivided, 


6,714 23 


Loan on bank stock, . 


6.200 00 


Guaranty fund, 


20,604 84 


Railroad bonds, .... 


13,000 00 






Real estate (for banking pur- 








poses), 


20,000 00 






Real estate by foreclosure, 


5,378 75 






Loans on real estate, . 


352,434 00 






Loans on personal security, 


220,555 71 






Loans to counties, cities or towns 








(notes), 


114,000 00 






Deposit in bank, not on interest, 


1,700 00 






Expense account, 


177 26 






Insurance, 


40 50 






Premium account, 


26,512 83 






Cash on hand, .... 


955 21 








$1,014,664 26 


' $1,014,664 26 



Loan on Bank Stock : — 
On 63 shares Beverly National Bank, Beverly, 



5,200 00 



Invested in real estate (for banking purposes), $20,000 00 

Estimated value of the same, , 20,000 00 

Assessed value of the same, \ 20,250 00 

Net income received from same during year ending Oct. 31, 1887, . . 803 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 5,378 75 

Assessed value of the same, 4,400 00 

Net income received from same during year ending Oct. 31, 1887, . . 337 50 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 346 

Aggregate amount of the same, 324,309 00 

Amount of investments from which no income is received, .... 14,380 71 



Cash on Deposit in Bank : — 
Beverly National Bank, Beverly, 



$1,700 00 



42 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $45,719 61 

Rate and amount of each semi-annual dividend for the year ; 2 per cent., c 17,547 04 

ending Oct. 31, 1887, \ 2 per cent., ( 18,419 83 

Times for the dividends fixed by the by-laws, fourth Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 3,185 $224,932 91 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 164 97,314 20 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,302 184,875 93 

Number of accounts opened during the year ending Oct. 31, 1887, . 622 
Number of accounts closed during the year ending Oct. 31, 1887, . 380 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,386 47 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner : July 18. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. Bate. 


$73,380 71 
143,000 00 


4 per cent. 


$35,000 00 
' 12,500 00 


4| per cent. 
5 " 


$138,425 00 
290,884 00 


5J per cent. 
6 " 



Classification of Depositors' Accounts. 



Whole number, .... 
Of $50 or less, . 
Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$21,660 71 

24,872 24 

61,512121 

186,347 v ,05 

282,856 64 

410,096 34 

343,285 43 

7,684 36 

22,720|52 

62,692 70 



Schedule A — Detailed Statement of Bublic Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town of Beverly, Mass., 4s, 



58.5,000 



15,700 00 



$85,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



43 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



75 
100 
100 
50 
75 
30 
75 
20 
25 
73 
50 
40 
100 
20 
20 
50 
50 
61 
50 
50 
50 
100 
85 
50 
50 
177 
87 
71 
65 
28 
53 
67 
50 
18 
200 



Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston 
Nat'l City Bank, Boston, . 
Continental N'l Bank, Boston 
Nat'l Eagle Bank, Boston, 
Nat'l Exchange Bank, Boston 
Freeman's Nat'l Bank, Boston 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston 
N'l Hide & Leather B'k, Boston 
Howard Nat'l Bank, Boston, 
Massachusetts N'l B'k, Boston 
Merchandise N'l Bank, Boston 
Merchants' Nat'l Bank, Boston 
New England N'l B'k, Boston 
North Nat'l Bank, Boston, 
N'l B'k of Redemption, Boston 
N'l B'k of the Republic, Boston 
N'l Revere Bank, Boston, 
Shawmut Nat'l Bank, Boston 
Shoe & Leather N'l B'k, Boston 
Suffolk Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Webster Bank, Boston, 
Asiatic Nat'l Bank, Salem, 
Nat'l Exchange Bank, Salem 
First Nat'l Bank, Salem, . 
Mercantile Nat'l Bank, Salem 
Merchants' Nat'l Bank, Salem 
Naumkeag Nat'l Bank, Salem 
Salem Nat'l Bank, Salem, 
First Nat'l Bank, Lynn, . 
Nat'l Grand Bank, Marblehead 
Beverly Nat'l Bank, Beverly, 



$7,500 
10,000 
10,000 
5,000 
7,500 
3,000 
7,500 
2,000 
2,500 
7,300 
5,000 
10,000 
10,000 
2,000 
2,000 
5,000 
5,000 
6,100 
5,000 
5,000 
5,000 
10,000 
8,500 
5,000 
5,000 
5,310 
8,700 
7,100 
6,500 
1,400 
5,300 
6,700 
5,000 
1,800 
20,000 



$218,710 



$8,625 00 
10,600 00 

10.700 00 
5,950 00 
7,575 00 
3,750 00 
6,975 00 
1,840 00 
3,050 00 
8,322 00 
5,400 00 

10,200 00 
10,000 00 
2,800 00 
2,920 00 
6,600 00 
6,350 00 
8,479 00 
6,250 00 
6,250 00 
5,050 00 
11,400 00 
7,990 00 
5,000 00 
5,100 00 
6,903 00 

10.701 00 
9,230 00 
7,735 00 
1,932 
7,420 
8,710 
6,250 
2,070 00 

26,400 00 



00 
00 
00 
00 



$254,527 00 



$7,500 00 
10,000 00 
10,000 00 
5,000 00 
7,500 00 
3,000 00 
7,500 00 
2,000 00 
2,500 00 
7,300 00 
5,000 00 
10,000 00 
10,000 00 
2,000 00 
2,000 00 
5,000 00 
5,000 00 
6,100 00 
5,000 00 
5,000 00 
5,000 00 
10,000 00 
8,500 00 
5,000 00 
5,000 00 
5,310 00 
8,700 00 
7,100 00 
6,500 00 
1,400 00 
5,300 00 
6,700 00 
5,000 00 
1,800 00 
20,000 00 



$218,710 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... 
Boston & Lowell R.R. 5s, 


$2,000 
11,000 


$2,440 00 
12,210 00 


$2,000 00* 
11,000 00 




$13,000 


$14,650 00 


$13,000 00 



* This was a legal investment when made. 



44 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887- 
Personally appeared Rob't G. Bennett, Treasurer of the Beverly Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Jos. D. Tuck, Justice of the Peace. 

Essex, ss., Nov. 15, 1887. 
Personally appeared Wm. Endicott, Chas. H. Odell, John I. Baker, Rob't R. Endicott, 
John Pickett and Sam'l J. Foster, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, Jos. D. Tuck, Justice of the Peace. - 



1888.] 



PUBLIC DOCUMENT — No. 8. 



45 



BOSTON FIVE CENTS SAVINGS BANK — BOSTON. 

Incorporated 1854. Number of corporators, 54. 

Alonzo H. Evans, President. Curtis C. Nichols, Treasurer, 

Edward Edmunds, Clerk. 

Names of committee charged with the investment of its funds : 
C. R. Ransom, Eustace C. Fitz, 

S. R. Payson. S. A. Carleton, 

A. H. Evans, Leander Beal. 

S. A. Denio, 

Open for business every business day from 9 a.m. to 2 p.m., and Saturdays 3 to 5 

and 6 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$2,591,622 50 


Deposits, . 


$14,160,807 01 


Loans on public funds, 


38,400 00 


Earnings undivided, 


147.452 78 


Bank stock as per Schedule B, . 


445,900 00 


Guaranty fund, 


419,220 04 


Loans on bank stock, . 


95,150 00 


Premium account, . 


131,156 25 


Railroad bonds, . 


85,000 00 






Real estate (for banking pur- 








poses), 


44.529 79 






Loans on real estate, . 


6,296,527 33 






Loans on personal security, 


4,902,971 45 






Loans to counties, cities or towns 








(notes), 


89.000 00 






Deposits in banks, on interest, . 


244,288 98 






Expense account, 


62 90 






Cash on hand, .... 


25,183 13 








$14,858,636 08 


$14,858,636 08 



Loans on Public Funds, amount on each : — 

On $5 000 United States 4s, $5,000 00 

On $3,000 United States 4£s, 3,000 00 

On $2,000 United States 4s, . . 2,000 00 

On $1,000 United States 4s, 1,000 00 

On $2,000 United States 4s, j 

On $5,000 District Columbia \ 6 ' 000 00 

On $2,000 City of Cambridge bonds, 1,400 00 

On $5,000 Commonwealth of Massachusetts bonds, 5,000 00 

On $5,000 City of Worcester bonds, 5,000 00 

On $2,000 City of Providence bonds 2,000 00 

On $8,000 Town of Attleborough 4s, 8,000 00 

Loans on Bank Stock, amount on each : — 

On 146 shares Maverick National Bank, Boston, $14,600 00 

On 30 shares Faneuil Hall National Bank, Boston, \ 

On 35 shares National Hide and Leather Bank, Boston, . . . . \ 4,500 00 

On 5 shares National Webster Bank, Boston J 

On 26 shares National Rockland Bank, Boston, 2,500 00 

On 200 shares National City Bank, Boston, . 17,000 00 

On 30 shares National Union Bank, Fall River 2,250 00 



46 



BANK COMMISSIONERS' REPORT. 



[Jan. 



On 


40 shares 


On 


30 shares 


On 


20 shares 


On 


52 shares 


On 


25 shares 


On 


60 shares 


On 


10 shares 


On 200 shares 


On 


50 shares 


On 


53 shares 


On 


80 shares 



National Union Bank, Fall River, . 
Blackstone National Bank, Boston, 
Blackstone National Bank, Boston, 
First National Bank, Woburn, 
First National Bank, South Weymouth, 
National Security Bank, Boston, 
Laconia National Bank, Laconia, N. H 
Broadway National Bank, Boston, . 
Fourth National Bank, Boston, 
National Exchange Bank, Boston, . 
City National Bank, Springfield, 



Invested in real estate (for banking purposes), 

Estimated value of the same, 

Assessed value of the same, . ... 

Net income received from same during year ending Oct. 31, 1887, 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each 367 

Aggregate amount of the same, 

Cash on Deposit in Banks, amount in each : — 

National Bank of the Commonwealth, Boston, 

National Security Bank, Boston, 

Maverick National Bank, Boston, 

Merchandise National Bank, Boston, 



$2,800 00 
2,700 00 
1,800 00 
5,000 00 
2,200 00 
6,000 00 
800 00 

16,000 00 
4,000 00 
5,000 00 
8,000 00 

$44,529 79 

225,000 00 

251,000 00 

10,000 00 



752,773 86 



$103,901 95 

76,189 87 

32,081 97 

32,115 19 



Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $689,982 23 

Rate and amount of each semi-annual dividend for the year j 1| per cent., J 221,496 38 
ending Oct. 31, 1887, ._ . J 2 per cent., 1 260,960 80 

Times for the dividends fixed by the by-laws : second Wednesday in 
April and October. 

Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct. 31, 1887, 89,794 $4,097,278 63 

Number and amount of deposits of and exceeding $300 at any one time 
during the year ending Oct. 31, 1887 2,634 1,434,533 00 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 58,898 3,960,075 00 

Number of accounts opened during the year ending Oct. 31, 1887, 11,300 

Number of accounts closed during the year ending Oct. 31, 1887, 6,701 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 38,318 02 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : December 8. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. Kate. 


Amount. 


Rate. 


$244,288 98 


3 per cent. 


$1,157,900 00 


4| per cent. 


$573,000 00 


5| per cent. 


140,000 00 


31 " 


100,000 00 


41 « 


50,000 00 


5} « 


492,000 00 


4 


3,200,437 06 


5 


581,091 20 


6 


251,500 00 


4,1 " 


115,000 00 


oh " 


38,500 00 


64 


110,000 00 


4§ - 


363,300 00 


5i 

5.1 « 


77,750 00 


6£ " 


2,411,188 48 


H " 


937,682 50 


42,699 54 


7 


730,000 00 


4jj « 


50,000 00 


5| « 







1888.] 



PUBLIC DOCUMENT — No. 8 



47 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, .... 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $2( 
Exceeding $200 and not more than 
Exceeding $500 and less than $1,000, 

Of $1,000" or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



98,250 

65,420 

6,598 

7,225 

8,522 

6,268 

4,217 

38,963 

183 

352 

4,916 



$447,107 01 

535,116 00 

1,002,477 00 

2,736,621 00 

4,518,823 00 

4,920,663 00 

6,545,245 37 

54,174 38 

130,880 50 

1,258,370 33 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 6s, . 
State of Maine 6s, 
District of Columbia 6s, 
of Columbia 7s, 
of Columbia 5s, 
County of Carroll, 1ST. II., 4s, 
City of Cleveland, Ohio, 4^s, 
of Cleveland, Ohio, 4s. 
of Columbus, Ohio, 7s. 
of Columbus, Ohio, 4s, 
of East Saginaw, Mich., 5s, 
of Biddeford, Me., 4s, . 
of Keene, K. H., 4s, 
of Boston, Mass., 6s, . 
of Boston, Mass., 5s, 
of Boston, Mass., 3|s, . 
of Chelsea, Mass., 6s, . 
of Salem, Mass., 5s, 
of Somerville, Mass., 5s, 
of Lowell, Mass., 6s, . 
of Maiden, Mass.. 6s, . 
of Maiden, Mass., 4s, . 
of Fitchburg, Mass., 6s, 
Town of Everett, Mass., 6s, 
of Danvers, Mass., 5s, 
of Brookline, Mass., 5s, 
of K Attlebor', Mass, 4s, 
of Beverly, Mass., 4s, 
of Spencer, Mass., 4s, 
of Norwich, Conn., 4s, 
of Claremont. jST. H., 6s, 



$200,000 00 
50,000 00 
46,000 00 
5,000 00 
65,000 00 
40,000 00 

170,000 00 

175,000 00 
10,000 00 
70,000 00 
24,000 00 
50,000 00 

100,000 00 

200,000 00 
79,622 50 

624,000 00 
50,000 00 

100,000. 00 

78,000 00 

5,000 00 

10,000 00 

10,000 00 

100,000 00 
50,000 00 
63,000 00 
50,000 00 
72,000 00 
21,000 00 
5,000 00 
60,000 00 
9,000 00 



1,591,622 50 



$236,000 
51,000 
48,070 
5,150 
67,925 
40,000 

171,700 

175,000 
10,150 
70,000 
24,000 
50,000 

100,000 

210,000 
82,409 

624,000 
52,000 

101,500 

78,780 

5,125 

10,200 

10,000 

103,500 
52,000 
63,630 
51,000 
72,000 
21,000 
5,000 
60,000 
9,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
27 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



!,660,139 27 



$200,000 00 
50,000 00 
46,000 00 
5,000 00 
65,000 00 
40,000 00 

170,000 00 

175,000 00 
10,000 00 
70,000 00 
24,000 00* 
50,000 00 

100,000 00 

200,000 00 
79,622 50 

624,000 00 
50,000 00 

100,000 00 

78,000 00 

5,000 00 

10,000 00 

10,000 00 

100,000 00 
50,000 00 
63,000 00 
50,000 00 
72,000 00 
21,000 00 
5,000 00 
60,000 00 
9,000 00 



1,591,622 50 



* This was a legal investment when made. 



48 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



6 « 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



411 
124 

120 

17 
150 
395 
100 

50 
100 
200 
150 
145 
223 
325 
100 

47 
225 
150 
250 
225 
100 
280 
100 

67 
100 

54 
101 
100 

50 



Blackstone Nat'l Bank, Boston 
N'l Bank of Commerce, Boston 
Second Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, 
Nat'l Rockland Bank, Boston, 
Washington N'l Bank, Boston 
Nat'l Webster Bank, Boston, 
Howard Nat'l Bank, Boston, 
N'l Hide & Leather B'k, Boston 
Shawmut Nat'l Bank, Boston 
Merchants' Nat'l Bank, Boston 
Suffolk Nat'l Bank, Boston, 
N'l B'k of the Republic, Boston 
First Nat'l Bank, Boston, 
Nat'l Revere Bank, Boston, 
Continental N'l Bank, Boston 
N'l B'k of Common w'th, Boston, 
Merchandise N'l Bank, Boston 
Natl City Bank, Boston, . 
Hamilton Nat'l Bank, Boston 
N'l B'k of Redemption, Boston 
Nat'l Exchange Bank, Boston 
Third Nat'l Bank, Springfield 
First Nat'l Bank, Marlboro, 



$41,100 
12,400 
12,000 

1,700 
15,000 
39,500 
10,000 

5,000 
10,000 
20,000- 
15,000 
14,500 
22,300 
32,500 
10,000 

4,700 
22,500 
15,000 
25,000 
22,500 
10,000 
28,000 
10,000 

6,700 
10,000 

5,400 
10,100 
10,000 

5,000 



$44,799 00 

15,376 00 

18,000 00 

2,210 00 

17,850 00 

39,500 00 

10,300 00 

5,900 00 

13,000 00 

28,400 00 

18,600 00 

14,790 00 

24,976 00 

37,050 00 

12,200 00 

6,533 00 

25,425 00 

20,700 00 

55,000 00 

28,125 00 

11,700 00 

35,000 00 

10,000 00 

7,236 00 

12,200 00 

6,696 00 

12,625 00 

16,500 00 

5,000 00 



$445,900 $555,691 00 



$41,100 00 

12,400 00 

12,000 00 

1,700 00 

15,000 00 

39,500 00 

10,000 00 

5,000 00 

10,000 00 

20,000 00 

15,000 00 

14,500 00 

22,300 00 

32,500 00 

10,000 00 

4,700 00 

22,500 00 

15,000 00 

25,000 00 

22,500 00 

10,000 00 

28,000 00 

10,000 00 

6,700 00 

10,000 00 

5,400 00 

10,100 00 

10,000 00 

5,000 00 



$445,900 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... 
Boston & Albany R.R. 7s, 
Fitchburg R.R. 7s, .... 
Boston, Clinton & Fitchburg R.R. 5s, 
Boston & Maine R.R. 7s, . 


$40,000 

25,000 

5,000 

6,000 

9,000 


$48,800 00 

26,500 00 

5,300 00 

6,360 00 

9,540 00 


$40,000 00* 

25,000 00 

5,000 00 

6,000 00 

9,000 00 




$85,000 $96,500 00 


$85,000 00 



* This was a legal investment when made. 



1888.] PUBLIC DOCUMENT — No. 8. 49 

Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 23, 1887. 
Personally appeared Curtis C. Nichols, Treasurer of the Boston Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, John C. Nichols, Justice of the Peace. 

Suffolk, ss., Nov. 23, 1887. 
Personally appeared C. R. Ransom, Jos. H. Cannell, Alonzo H. Evans, Eustace C. 
Fitz, S. A. Carlton and Leander Bcal, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, John C. Nichols, Justice of the Peace. 



50 



BAXK COMMISSIONERS' REPORT. 



[Jan . 



BOSTON PENNY SAYINGS BAXK — BOSTON 

Incorporated 1864. Number of corporators, 100. 
Geo. W. Pope, President. Hexrt R. Reynolds, Treasurer. 

Stephen G. Deblois, Clerk. 
Names of committee charged with the investment of its funds : 

JOHX S"WEETSER, THOS. N. H.ART, 

Johx A. Pray, John Goldthwait, 

Geo. TV. Pope, George Nowell. 

Wk. A. Rust, 

Open for business every busineis day, 9 a.m. to 3 p.m., and Saturdays, 5 to 8 p.m. 



Statement 



Assets. 


Liabilities. 


Bank stock as per Schedule, 
Loans on bank stock, . 
Real estate (for banking pur- 
poses), . . 
Real estate by foreclosure, . 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Expense account, 
Accrued interest, 
Cash on hand 


8103,690 50 
5,500 00 

115,000 00 

13,000 00 

580,270 00 

248,000 00 

1,584 64 

712 93 

11,836 37 

3,278 57 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


61,043,450 46 
14,234 69 
25,187 86 




$1,082,873 01 


81,082,873 01 



Loons on Bank Stock, amount on each : — 

On 5 shares Mechanics' National Bank, Boston, $500 00 

On 58 shares Fourth National Bank, Boston, 5,000 00 

Invested in real estate (for banking purposes), $115,000 00 

Estimated value of the same, 100,000 00 

Assessed value of the same, 79,400 00 

Net income received from same during year ending Oct. 31, 1SS7, . . 2,685 56 

Value (by books) of other real estate, held by foreclosure or otherwise, . 13.000 00 

Assessed value of the same 16,000 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 50 

Aggregate amount of the same, 87,670 00 

Amount of investments from which no income is received, 13,000 00 

Cash on Deposit in Bank : — 

Mt. Vernon National Bank, Boston, 81,584 64 

Whole amount of interest or profits received or earned during year ending 

Oct.31, 1887, 818,778 16 

Rate and amount of each semi-annual dividend for the year) 2 per cent., [ 18,500 17 

ending Oct. 31, 1887, * . J 2 per cent., 1 19,235 06 



1888.] 



PUBLIC DOCUMENT — No. 8. 



51 



Times for the dividends fixed by the by-laws : second Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31,1887, 7,993 $306,128 49 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 198 104,108 81 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 4,518 256,876 47 

Number of accounts opened during the year ending Oct. 31, 1887, 1,038 
Number of accounts closed during the year ending Oct. 31, 1887, . 839 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,445 63 

Amount of treasurer's bond 10,000 00 

Date of examination by commissioner : January 19. 



Total amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$1,584 64 
160,600 00 


2^ per cent. 
4£ " 


$473,120 00 
10,000 00 


5 per cent. 
5£ " 


$174,100 00 
15,950 00 


6 per cent. 

7 " 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than $500 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable as^ociat 
In trust, 



ons, 



$51,918 90 

36,080 10 

74,574 89 

190,114 77 

291,850 59 

398,911 21 

367,004 96 

4,995 85 

3,931 76 

155,126 50 



Detailed Statement of Bank Stocks. 



* 5 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



150 
100 
50 
50 
50 
50 
25 
50 



Everett Nat'l Bank, Boston, 
N'l Hide & Leather B'k, Boston 
N'l B'k of No. America, Boston 
Atlas Nat'l Bank, Boston, 
Manufacturers' N'l B'k, Boston 
Fourth Natl Bank, Boston, 
Merchants' Natl Bank, Boston 
Boston Nat'l Bank, Boston, 



$15,000 
10,000 
5,000 
5,000 
5,000 
5,000 
2,500 
5,000 



$14,662 50 


11,475 


00 


5,262 


50 


5,775 


00 


4,737 


50 


5,650 


00 


3,537 


50 


5,975 


00 



,725 00 

11,550 00 

5,525 00 

6,300 00 

5,325 00 

5,175 00 

3,600 00 

6,050 00 



52 



BANK COMMISSIOKEKS' KEPOET. 



[Jan. 



Detailed Statement of Bank Stocks — Concluded. 



^ 00 

O 0) 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


41 


Treniont Natl Bank, Boston, . 


$4,100 


$4,135 87 


$5,084 00 


48 


Natl Webster Bank, Boston, . 


4,800 


4,944 00 


5,448 00 


42 


Atlantic Natl Bank, Boston, . 


4,200 


5,628 00 


6,384 00 


11 


State Natl Bank, Boston, . 


1,100 


1,278 75 


1,402 50 


70 


First Natl Bank, Boston, 


7,000 


15,522 50 


14,210 00 


50 


Howard Natl Bank, Boston, . 


5,000 


5,500 00 


6,250 00 


37 


Nl B'k of Commerce, Boston, 


3,700 


4,523 25 


4,662 00 




$82,400 


$98,607 37 


$103,690 50 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 19, 1887. 
Personally appeared Henry R. Reynolds, Treasurer of the Boston Penny Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, "W. H. Kennard, Justice of the Peace. 

Suffolk., ss., Nov. 25, 1887. 
Personally appeared Geo. W. Pope, John A. Pray, TV. H. Kennard, Thos. N.Hart, 
Chas. L. Damrell and Pliny Nickerson, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, Henry R. Reynolds, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



53 



BRAINTREE SAVINGS BANK — SOUTH BRAINTREE. 

Incorporated March 21, 1870. Number of corporators, 38. 

Benj. F. Dyer, President. C. H. Hobart, Treasurer. 

C. H. Hobart, Clerk. 

Names of committee charged with the investment of its funds : 
Benj. F. Dyer, David H. Bates. 

Nath'l H. Hunt, 

Open for business every business day, 7 a.m. to 6 p m. 
Statement. 



ASSKTS. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Expense account, 


$13,000 00 

28,959 99 

19,000 00 

80,006 00 

450 00 

5,114 60 

27 15 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Profit and loss, 


$138,524 49 

4,992 27 

2,683 23 

357 75 




$146,557 74 


$146,557 74 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 42 

Aggregate amount of the same, $47,756 00 

Cash on Deposit in Bank : — 
Shawmut National Bank, Boston, $5,114 60 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887 $7,963 54 

Rate and amount of each semi-annual dividend for the year \ 2 per cent., J 2,539 28 
ending Oct. 31, 1887, J 2 per cent., 1 2,62293 

Times for the dividends fixed by the by-laws: January 1 and July 1. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887 447 $34,983 95 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 29 15,354 80 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887 249 34,660 41 

Number of accounts opened during the year ending Oct. 31, 1887, . 95 

Number of accounts closed during the year ending Oct. 31, 1887, . 66 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 439 00 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner : September 30. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. Rate. 


$5,114 60 
16,900 00 


2 per cent. 
5 " 


$60,196 00 


6 per cent. 


$3,360 00 


7 per cent. 



54 



BANK COMMXSSIONEKS' REPOET. 



[Jan. 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $ 200, 
Exceeding .$200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000" or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



$3,377 61 

4,673 59 

11,682 28 

31,019 87 

44,830 87 

42,940 27 

44,753 27 

624 30 

2,942 17 

13,140 80 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Manchester, N. H., 4s, 
of Boston, Mass., 6s, 
of Worcester, Mass., 4^s,. 
of Fall River, Mass., 6s, . 
of New Bedford, Mass., 5s, 

Town of Brookline, Mass., 5s, 


$2,000 
2,000 
2,000 
1,000 
3,000 
3,000 


$2,020 00 
2,230 00 
2,000 00 
1,080 00 
3,285 00 
3,285 00 


$2,000 00 
2,000 00 
2,000 00 
1,000 00 
3,000 00 
3,000 00 




$13,000 


$13,900 00 


$13,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O O 

. <- 

© 05 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


7 
20 
15 
31 
10 
20 
10 
13 

8 
25 
28 
16 

22 
25 


Merchants 1 Natl Bank, Boston, 
Manufacturers' N'l B'k, Boston, 
State Nat'l Bank, Boston, 
Blaekstone Nat'l Bank, Boston, 
N'l B'k of No. America, Boston, 
Shawmut N'l Bank, Boston, . 
N'l Hide & Leather B'k, Boston, 
Merchandise N'l Bank, Boston, 
Freeman's Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston, 
Mt. Vernon Nat'l Hank. Boston, 
Union Market Nat'l Bank, 
Watertown, .... 
Union Nat'l Bank, Weymouth, 
Brockton N'l Bank, Brockton, 


$700 
2,000 
1,500 
3,100 
1,000 
2,000 
1,000 
1,300 
800 
2,500 
2,800 

1,600 
2,200 
2,500 


$980 00 
1,890 00 
1,740 00 
3,286 00 
1,045 00 
2,500 00 
1,145 00 
1,300 00 
748 00 
2,525 00 
3,836 00 

2,210 00 
2,464 00 

2,800 00 


$920 50 
2,096 25 
1,616 25 
3,295 37 
1,138 75 
2,498 75 
1,150 00 
1,472 25 
1,002 00 
2,825 00 
3,824 00 

1,920 00 
2,591 50 
2,609 37 




$25,000 


$28,199 00 


$28,959 99 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Railroad Bonds. 



55 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Newport & Richforcl R.R. 5s, . 
Fitehburg R.R. 5s, .... 
Conn. & Passumpsic Rivers R.R. 7s, 
Vermont & Massachusetts R.R. 5s, . 
Fitchburg R.R. 4^s, . 


$5,000 
2,000 
5,000 
5,000 
2,000 


$5,300 00 
2,080 00 
5,500 00 
5.300 00 
2,000 00 


$5,000 00 
2,000 00 
5,000 00* 
5,000 00 
2,000 00 




$19,000 


$20,180 00 


$19,000 00 



Commonwealth op Massachusetts. 

Norfolk, ss., Nov. 14, 1887. 
Personally appeared C. H. Hobart, Treasurer of the Braintree Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Francis A. Hobart, Justice of the Peace. 

Norfolk, ss., Nov. 14, 1887. 
Personally appeared Benj. F. Dyer, Joseph Dyer, P. D. Holbrook, N. H Hunr, Jas 
T. Stevens, being five or more of the trustees of said corporation, and severally made* 
oath that they have made an examination of the affairs of the bank; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, Francis A. Hobart, Justice of the Peace. 



* This was a legal investment when made, 



56 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BRIDGEWATER SAVINGS BAXK — BRIDGEWATER. 

Incorporated March 19, 1872. Number of corporators, 18. 

Spencer Leoxard, President. Saml. P. Gates, Treasurer 

Geo. M. Hooper, Clerk. 

Names of committee charged with the investment of its funds : 

Lafayette Keith, Chas. K. Pratt, 

James C. Leach, 
Hosea Kingman, 



Saml. P. Gates. 



Open for business every business day, 8 a.m. to 6 pm. 
Statement. 



1 
Assets. 


Liabilities. 


Public funds as per Schedule A, 


$13,000 00 1 


Deposits, . 


$334,084 23 


Bank stock as per Schedule B, . 


46,582 50 


Earnings undivided, 


3,238 73 


Loan on bank stocks, . 


950 00 


Guaranty fund, 


11,050 00 


Railroad bonds 


24,000 00 j 


Profit and loss ac- 




Real estate (for banking pur- 




counr, . 


600 00 


poses), 


5,450 00 


Suspense account, 


31 00 


Loans on real estate, . 


180,296 00 ! 






Loans on personal security, 


68,688 46 






Loans to counties, cities or towns 








(notes), 


4,800 00 ; 






Deposit in bank, not on interest, 


833 69 ! 






Expense account, 


61 84 | 






Cash on hand, .... 


4,341 47 j 








$349,003 96 '' 
1 


$349,003 96 



Loan on Bank Stocks : — 
On 3 shares Blackstone National Bank, Boston, . 
On 3 shares Eliot National Bank, Boston, 
On 3 shares National Webster Bank, Boston, 
On 1 share Bristol County National Bank, Taunton, 



$950 00 



Invested in real estate (for banking purposes), $5,450 00 



Estimated value of the same, 

Assessed value of the same, 

Net income received from same during yesxr ending Oct. 31, 1887, 
Number of outstanding loans which are of an amount not exceeding 

§3,000 each, 134 

Aggregate amount of the same, 



5,450 00 

5,000 00 

101 63 



147,977 30 



Cash on Deposit in Bank : — 

First National Bank, Boston, $833 69 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $17,940 61 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., I 6,037 76 

ending Oct. 31, 1887, J 2 per cent.. 1 6,270 34 



1888.] 



PUBLIC DOCUMENT — No. 8. 



57 



Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 949 $93,282 68 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 91 48,644 02 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 853 88,492 69 

Number of accounts opened during the year ending Oct. 31, 1887, . 169 
Number of accounts closed during the year ending Oct. 31, 1887, . 117 
Amount of expenses of the corporation duringthe year ending Oct. 31, 1S87, 963 25 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : Sept. 19. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$4,000 00 
7,000 00 
5,000 00 


4 per cent. 
4£ " 
4| 


$50,800 00 
184,709 46 


5 per cent. 
6 


$3,025 00 
200 00 


7 per cent. 
8 



Classification of Depositors^ Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and nut more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$9,482 88 

8.638 24 

21,998 83 

70,497 71 

125,234 58 

98,231 99 

137,654 59 

4,160 31 

866 41 

26,491 94 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, .... 
City of Boston. Mass., 5s, 
City of Fall River, Mass., 6s, . 


$2,000 
5,000 
6,000 


$2,535 00 
5,812 50 
7.270 00 


$2,000 00 
5,000 00 
6,000 00 




$13,000 $15,617 50 


• |13,000 00 



58 



BANK COMMISSIOXEKS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



<ti OS 

o o 

| 
^ CO 




Tar Value. 


Estimated 
Market Value. 


Amount Invested. 


70 


Blackstone Nat'l Bank. Boston. 


$7,000 


$7,411 


28 


$7,000 00 


25 


Blue Hill Xatl Bank. Milton, 


2.500 


2.56S 


75 


2.500 00 


15 


Bovlston Xafl Bank, Boston, . 


1,500 


1,957 


50 


1.500 00 


20 


Nat'l Eagle Bank. Boston, 


2.000 


2,000 


00 


2.000 00 


25 


Fourth Xafl Bank, Boston, 


2,500 


2.S25 


00 


2.500 00 


20 


Freeman's Nat'l Bank. Boston 


2,000 


1,880 


00 


2,000 00 


10 


Faneuil Hall N'l Bank. Boston 


1.000 


1.392 


50 


1,000 00 


10 


Globe Xafl Bank. Boston, 


1.000 


921 


25 


1,000 00 


20 


Howard Xafl Bank, Boston, 


2.000 


2,155 


00 


2,000 00 


10 


Merchants" Xatl Bank. Boston 


1,000 


1.100 


00 


1,000 00 


30 


N'l B'k of Redemption, Boston 


3,000 


3.817 


50 


3.000 00 


20 


Xafl Rockland Bank, Boston, 


2,000 


3,002 


50 


2.770 00 


6 


Xat'l Security Bank. Boston, 


600 


1,071 


00 


1,042 50 


21 


Shawmut Xafl Bank. Boston 


2.100 


3,006 


00 


2,400 00 


.10 


AYaslimo'ton N'l Bank. Boston 


1.000 


1,240 


00 


1,000 00 


30 


Brockton Xafl Bank. Brockton 


3.000 


3.750 


00 


3.000 00 


22 


Home Xafl Bank. Brockton, 


2.200 


2.120 


00 


2.200 00 


36 


Bristol Co. N'l Bank. Taunton 


3.600 


5.100 


00 


6.107 00 


13 


Abington N'l Bank, Abington 


1,300 


1.625 


00 


2,563 00 




811.600 


$19,813 


28 


$16,582 50 



Railroad Bonds. 



Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Maine R.R. 7s. . 


$1,000 


$1,150 00 


$1,000 00 


Boston. RevereBeach &LvnnR.R. 6s, 


3.000 


3.300 00 


3.000 00 


Old Colonv R.R. 6s, . 


5.000 


5.670 00 


5,000 00 


Old Colonv R.R. 4is, 


5.000 


5,075 00 


5.000 00 


Fitchburo- R.R. 6s, .... 


5,000 


5.150 00 


5.000 00 


Fitchburg R.R. Is, . 


5,000 


1.850 00 


5.000 00 




821,000 


825.195 00 


821.000 00 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 14. 1887. 
Personally appeared Samuel P. Gates, Treasurer of the Bridgewater Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

re me, Lemuel M. Keith, Justice of the Peace. 

Plymouth, ss., Nov. 14, 1887. 
Personally appeared Spencer Leonard, Joshua E. Crane, James C. Leach, Nahum 
Leonard and John II. Fairbanks, being live or more of the trustees of said corporation, 
and severally made oath thai thev have made an examination of the affairs of the hank; 
that the books and records of said institution indicate the state of affairs as ahuve 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Lemuel M. Keith, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



59 



BRIGHTON FIVE CENTS SAVINGS BANK — BOSTON. 

Incorporated 1861. Number of corporators, 126. 

N. Wauren Sanborn, President. Bela S. Fiske, Treasurer. 

Bela S. Fiske, Clerk. 

Names of committee charged with the investment of its funds : 
N. W. Sanhorn, G. A. Fuller, 

Benj. M. Fiske, P. Moley. 

W. F. Warren, 

Open for business every business day except Saturdays, 9 a.m. to 12 m., and 2 to 4 p.m. ; 
Saturdays, 9 a.m. to 12 m , and 7 to 9 p.m. 

Statement. 



Assets. 



Bank stock as per Schedule, 
Railroad bonds, . 
Loan on railroad bonds, 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Expense account, 
Cash on hand, 



$43,866 38 

5,000 00 

1,000 00 

14,313 07 

176,100 00 

19,000 00 

5,395 81 

1,103 55 

10 08 



55,788 89 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$252,740 38 
6,848 51 
6,200 00 



35,788 89 



Loan on Railroad Bonds : — 
On $2,000 Leeds & Farmington R. R. 6s, 



$1,000 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $14,313 07 

Assessed value of the same, 14,750 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,129 77 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 68 

Aggregate amount of the same, 87,250 00 

Amount of investments from which no income is received, .... 3,300 00 

Cash on Deposit in Bank : — 
National Market Bank, Brighton, $5,395 81 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $12,361 53 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., r 4,176 76 

ending Oct. 31, 1887, \ 2 per cent., { 4,315 71 

Times for the dividends fixed by the by-laws : first Saturday in January 

and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,629 $79,906 55 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 49 29,994 85 



60 



BANK COMMISSIONERS' EEPOET. 



[Jan. 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 770 $57,758 12 

Number of accounts opened during the year ending Oct. 31, 1887, . 306 
Number of accounts closed during the year ending Oct. 31, 1887, . 195 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,262 66 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: June 16. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Fate. 


Amount. Eate. 


Amount Eate. 


$0,395 81 

12,000 00 

171,600 00 


2^ per cent. 
6 


$6,500 00 6£ per cent. 
3,900 00 1 7 " 

1 

1 


$2,000 00 7 A per cent. 
100 00 k " 



Classification of Depositors' 1 Accounts. 




Amouut. 



"Whole number, 

Of $-50 or less, 

Exceeding 850 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding 8200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$6,982 97 

8,767 52 

18,511 59 

45,581 06 

87,224 38 

85,672 86 

85,761 89 

646 90 

2/26S 77 

49,180 87 



Detailed Statement of Bank Stocks. 



No. of 
Shares. 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


45 
31 
30 

25 
25 
23 
21 
19 
18 
15 
15 
15 
i:; 


iSTat'l Webster Bank, Boston, . 
Old Boston N'l Bank, Boston, 
Xat'l Market Bank. Brighton, 
Tremont Xat'l Bank, Boston, 
Third Xat'l Bank. Boston, 
Freeman's Nat'l Bank, Boston, 
Shawmut Nat'] Bank, Boston, 
Everett Xat'l Bank, Boston, . 
Metropolitan X'l Bank, Boston, 
Eliol Xat'l Bank, Boston, 
Lincoln Xat'l Bank, Boston, . 
XI Hide& Leather B'k, Boston, 
Shoe & Leather X'l P>"k. Boston, 


$4,500 
1,550 
3,000 
2,500 
2.500 
2,300 
2,100 
1,900 
1,800 
1,5()0 
1.500 
1 .500 
1,300 


$4,652 10 
1,758 25 
4,260 00 
2,525 00 
2,512 50 
2,162 00 
2,646 00 
1,885 50 
2.052 00 
1,950 00 
1,665 00 
1,717 50 
1,313 00 


$4,500 00 
1,922 00 
4,200 00 
2,500 00 
2,500 00 
2,300 00 
2,359 25 
1.900 00 
1,800 00 
1,732 50 
1,650 00 
1,635 00 
1,300 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



61 



Detailed Statement of Bank Stocks — Concluded. 



O Q> 

u 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


12 

12 

10 

10 

10 

10 

10 

5 

5 

5 

25 

4 


Blackstone Natl Bank, Boston, 
Boylston Natl Bank, Boston, . 
Columbian Natl Bank, Boston, 
Merchants 1 Natl Bank, Boston, 
Suffolk Natl Bank, Boston, 
State Natl Bank, Boston, 
Howard Natl Bank, Boston, . 
Natl Revere Bank, Boston, 
Central Natl Bank, Boston, . 
First Natl Bank, Lynn, . 
First Natl Bank, W. Newton, 
Union Market Nl B^Watert'n, 


$1,200 

1,200 

1,000 

1,000 

1,000 

1,000 

1,000 

500 

500 

500 

2,500 

400 


$1,281 00 

1,620 00 

1,270 00 

1,401 25 

1,147 50 

1,160 00 

1,070 00 

625 00 

650 00 

625 00 

2,500 00 

520 00 


$1,200 00 

1,597 50 

1,252 50 

1,400 00 

1,208 25 

1,132 50 

1,200 00 

585 00 

500 00 

591 88 

2,500 00 

400 00 




$39,750 


$44,968 60 


$43,866 38 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Maine Central R.R. 7s, 



$4,000 



i,200 00 



$5,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 14, 1887. 
Personally appeared Bela S. Fiske, Treasurer of the Brighton Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, W. F. Warren, Justice of the Peace. 

Suffolk, ss., Nov. 14, 1887. 
Personally appeared N. Warren Sanborn, W. F. Warren, P. Moley, F. G. Newhall 
and Samuel N. Davenport, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Joshua S. Duncklee, Justice of the Peace. 



62 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BRISTOL COUNTY SAVINGS BANK — TAUNTON. 

Incorporated 1846. Number of corporators, 112. 

Joseph E. Wilbar, President. Alfred C. Pla.ce, Treasurer. 

Alfred C. Place, Clerk. 

Names of committee charged with the investment of its funds : 

Joseph E. Wilbar, Silas D. Presbrey, 

Wm H. Fox, Za.cheus Sherman. 

Ezra Davol, 

Open for business every business day 9 a.m. to I p.m; Satui'days till 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$491,000 00 


Deposits, . 


$3,237,694 33 


Loan on public funds, 


1,000 00 


Earnings undivided, 


36,477 85 


Bank stock as per Schedule B, . 


350,700 00 


Guaranty fund, 


105,000 00 


Loans on bank stock, . 


1,200 00 






Railroad bonds 


185,000 00 






Real estate (for banking pur- 








poses), 


25,000 00 






Loans on real estate, . 


1,283,779 00 






Loans on personal security, 


938,445 00 






Loans to counties, cities or towns 








(notes), 


80,000 00 






Deposits in banks, on interest, . 


3,006 67 






Expense account, 


493 63 






Loans on depositors' books, 


8,730 00 






Granite mill stock, Fall River, . 


*9,500 00 






Cash on hand, .... 


1,317 88 








$3,379,172 18 


$3,379,172 18 



Loan on Public Funds : — 

On $1,000 United States 4£s $1,000 00 

Loans on Bank Stock, amount on each : — 

On 2 shares Machinists' National Bank, Taunton $100 00 

On 11 shares First National Bank, New Bedford, 1,100 00 

Invested in real estate (for banking purposes), $25,000 00 

Estimated value of the same, 30,000 00 

Assessed value of the same, 29,700 00 

Net income received from same during year ending Oct. 31, 1887, . . 700 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 980 

Aggregate amount of the same, 859,684 00 

Cash on Deposit in Banks, amount in each : — 

Bristol County National Bank, Taunton, $486 68 

Maverick National Bank, Boston, 2,519 99 



* Taken to secure indebtcdncHH. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



63 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 

itate and amount of each semi-annual dividend for the year j 2 per cent., f 

ending Oct. 31, 1887, J 2 per cent., 1 

Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 7,127 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 398 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, ........ 5,610 

Number of accounts opened during the year ending Oct. 31, 1887, 1,216 
Number of accounts closed during the year ending Oct. 31, 1887, . 988 

Amount of expenses of the corporation during the year ending Oct 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner, June 29. 



$170,428 65 
61,377 33 
62,497 66 



,687 57 
255,473 62 
596,617 51 



6,934 63 
20,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$3,006 67 

80.000 00 

5,000 00 

141,100 00 


2£ per cent. 

3i " 
4 « 

4£ " 


$124,000 00 

30,000 00 

314,600 00 

38,500 00 


4| per cent. 

5 

5 J " 


$143,325 00 

60,000 00 

1,376,404 00 

225 00 


b\ per cent. 

5| 

6 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, . . . 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, . . . . . 



$45,657 26 

58,778 00 

163,972 13 

508,403 50 

1,009,578 97 

1,451,304 47 

1,523,610 33 

26,438 37 

44,818 25 

422,224 00 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


State of New Hampshire, 6s, . 


$10,000 


$11,000 00 


$10,000 00 


City of Providence, R.I., 5s, . 


50,000 


55,000 00 


50,000 00 


of Cleveland, Ohio, 4s, . 


50,000 


51,000 00 


50,000 00 


of Columbus, Ohio, 4s, . 


20,000 


20,400 00 


20,000 00 


of Dayton, Ohio, 4s, 


20,000 


20,400 00 


20,000 00 



64 



BANK COMMISSIONERS' REPOET. [Jan. 



Schedule A — Concluded. 



Par Value. 



Estimated 
Market Value. 



I Amount Invested. 



City of Portsmouth, N.H., 4s and 6s 
of Dover, N.H., 5s, . 
of Newport, R.I., 4s, 
of Taunton, Mass., 4s, 
of Brockton, Mass., 4s and 5s, 
of New Bedford, Mass., 3| & 5s, 
of Somerville, Mass., 4s, . 
of Lynn, Mass., 4s, . 
of Boston, Mass., 5s and 6s, 
of Cambridge, Mass., 6s, 
of Fall River, Mass., 5s and 6s 
of Worcester, Mass., 3 is, 
of Lowell, Mass., 6s, 
of Springfield, Mass., 6s and 7s 

Town of Pawtucket, R.I., 4s, . 
of Rockland, Mass., 4s, . 



$10,000 
10,000 
10,000 
95.000 
50,000 
30.000 
20,000 
20,000 
10,000 
10,000 
10,000 
10,000 
10.000 
6,000 
20,000 
20,000 



$491,000 



$10,600 00 
11,000 00 
10,200 00 
95.950 00 
51,000 00 
31,800 00 
20,800 00 
20,600 00 
11,000 00 
10,400 00 
10,700 00 
10,000 00 
10,300 00 
6,900 00 
20,600 00 
20,800 00 



$510,450 00 



$10,000 00* 

10,000 00 

10,000 00 

95,000 00 

50,000 00 

30,000 00 

20,000 00 

20,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

10,000 00 

6,000 00 

20,000 00 

20,000 00 



$491,000 00 



Schedule B — Detailed Statement of Bank Slocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



150 
78 
67 

100 
25 

100 

100 

100 
50 
50 
25 

100 
35 

100 
50 

100 
90 

150 
60 
50 

100 
50 

100 

100 
96 



Machinists 1 Natl B'k, Taunton, 
Bristol County Nl B'k, Taunton, 
Taunton Natl Bank, Taunton, 
Third Natl Bank, Springfield 
Natl Bank of Fairkaven, 
Atlantic Natl Bank, Boston, 
Atlas Natl Bank, Boston, 
Boston Natl Bank, Boston, 
Boylston Natl Bank, Boston, 
Columbian Natl B'k, Boston, 
Eliot Natl Bank, Boston, 
Everett Natl Bank, Boston, 
Faneuil Hall Nl B'k, Boston, 
First Natl Bank, Boston, 
Freeman's Natl B'k, Boston, 
Hamilton Natl Bank, Boston, 
Howard Natl B'k, Boston, 
Merchants' Natl Bank, Boston 
Metropolitan Nl Bank, Boston 
Mt. Vernon Nl Bank, Boston 
Natl B'k of Commerce, Boston, 
Nl B'k of No. America, Boston 
Nl B'k of Redemption, Boston 
Nl B'k of the Republic, Boston 
Natl Eagle Bank, Boston, 



$15,000 
7,800 
6.700 

10,000 
2,000 

10,i 00 

10,000 

10,000 
5,000 
5,000 
2,500 

10.000 
3,500 

10.000 
5,000 

10.000 
9,000 

15,000 
6.000 
5,000 

10,000 
5,000 

10.000 

10.000 
9,600 



523,400 


00 


11,700 


00 


10,250 


00 


18,000 


00 


2,000 


00 


13,300 


00 


11,600 


00 


11,800 


00 


6,500 00 


6,300 


00 


3,150 


00 


10,000 00 


4,800 


00 


21,500 


00 


5,000 


00 


12.100 


00 


9,900 


00 


20,550 


00 


6,700 


00 


6,800 


00 


12,100 


00 


5,200 


00 


12,500 


00 


13,700 


00 


9,600 00 



00 
00 
00 
00 
00 
00 



$23,000 00 
11,300 00 

9,900 00 
17,000 00 

2,000 
12,500 
11,000 
11.200 

6,000 

6,000 

3,000 00 
10,000 00 

4.000 00 
20,000 00 

5,000 00 
11,400 00 

9,300 00 
19,500 00 

6,300 00 

6,500 00 
11,500 00 

5,000 00 
11,700 00 
12,500 00 

9,600 00 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



65 



O O 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


100 
50 
50 

100 

100 
67 

100 
50 

100 
50 
19 


Nat'l Exchange Bank, Boston, 
N'l Hide & Leather B 1 k, Boston, 
Nat'l Rockland Bank, Boston, . 
Natl Union Bank, Boston, 
North Natl Bank, Boston, 
People's Natl Bank, Boston, . 
Second Natl Bank, Boston, 
Shawmut Natl Bank, Boston, . 
State Natl Bank, Boston, 
Tremont Natl Bank, Boston, . 
Washington Nl B'k, Boston, . 


$10,000 
5,000 
5,000 

10,000 

10,000 
6,700 

10,000 
5,000 

10,000 
5,000 
1,900 


$12,500 00 

5,650 00 

7,400 00 

14,000 00 

13,000 00 

10,600 00 

14,800 00 

6,150 00 

11,500 00 

5,000 00 

2,300 00 


$11,700 00 
5,300 00 
6,500 00 

13,000 00 

12,200 00 
9,400 00 

14,000 00 
5,500 00 

11,000 00 
5,000 00 
1,900 00 




$280,700 


$371,350 00 


$350,700 00 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, . 


$50,000 


$52,500 00 


$50,000 00 


Boston & Lowell R.R. 4s, 


30,000 


30,000 00 


30,000 00 


Fitchburg R.R. 5s, . 


20,000 


20,500 00 


20,000 00 


Vermont & Massachusetts R.R. 5s, . 


20,000 


20,800 00 


20,000 00 


Boston & Albany R.R. 6s and 7s, . 


20,000 


21,600 00 


20,000 00 


Worcester, Nashua & Rochester 








R.R. 4s, 


20,000 


20,400 00 


20,000 00 


Boston, Revere Beach & Lynn R.R. 6s, 


15,000 


15,600 00 


15,000 00 


Old Colony R.R. 6s and 7s, 


10,000 


10,800 00 


10,000 00 




$185,000 


$192,200 00 


$185,000 00 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 10, 1887. 
Personally appeared A. C. Place, Treasurer of the Bristol County Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Frederick S. Hall, Justice of the Peace. 

Bristol, ss., Nov. 10, 1887. 
Personally appeared Jos. E. Wilbar, Zacheus Sherman, Silas D. Presbery, Ezra 
Davol and Wm. H. Fox, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Frederick S. Hall, Justice of the Peace. 

1 ., I 



<]6 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BROADWAY SAVINGS BANK — LAWRENCE. 

Incorporated 1872. Number of corporators, 19. 

John Fallon, President. Gilbert E. Hood, Treasurer. 

Gilbert E. Hood, Clerk. 

Names of committee charged with the investment of its funds : 
John Fallon, Morris Knowles, 

A. W. Stearns, W31. P. Clark. 

Thomas Scott, 

Open for business every business day except Saturday, 9 a. m. to 1 p. m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank on interest, 
Deposit in bank not on interest, 
Cash on hand, .... 


$150,000 00 

127,900 00 1 

47,080 00 

252,526 50 

218,033 50 

6,530 98 

5,000 00 

1,145 41 


Deposits, . 
: Earnings undivided, 
Guaranty fund, 
Balance of Smith 
Fund, . 


$754,754 27 

7,606 32 

22,500 00 

23,355 80 




$808,216 39 


$808,216 39 



Value (by books) of real estate, held by foreclosure or otherwise, . . $47,080 00 

Assessed value of the same, 56,271 11 

Net income received during year ending Oct. 31, 1887, 3,622 13 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 271 

Aggregate amount of the same 184,914 17 

Amount of investments from which no income is received, .... 1,080 00 

Cash on Deposit in Bank : — 
Lawrence National Bank, Lawrence, $11,530 98 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $35,520 94 

Bare and amount of each semi-annual dividend for the year ) 2 per cent., f 13,597 13 
ending Oct. 31, 1887, J 2£ per cent., 1 17,873 72 

Times for the dividends fixed by the by-laws : third "Wednesday in April 
and October. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend, 5}. 

Date of the last extra dividend, October, 1882. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



67 



Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887, 1,830 $143,634 46 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 130 62,332 25 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,329 152,429 58 

Number of accounts opened during the year ending Oct. 31, 1887, . 352 
Number of accounts closed during the ) r ear ending Oct. 31, 1887, . 314 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,959 88 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : May 12. 



Total amount of Loans tuith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 



$6,530 98 

25.000 00 

122,000 00 



Rate. 



3^ per cent. 
5 



Amount. 



Eate. 



$12,000 00 
25,603 50 
29,0u0 00 



5| per cent. 

5£ « 
51 



Amount. 



Eate. 



$234,601 50 

8,075 00 

14,280 00 



per cent. 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, . 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not mure than $500, 

Exceeding $500 and less than $1,000, . 

Of $..000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, . . . . 
To the credit of religious and charitable associations, 
In trust, . . ... 



$9,511 93 

10,987 90 

31,805 50 

113,754 55 

236,975 10 

351,719 29 

342,757 10 

6,861 06 

10,443 15 

42,946 15 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States Reg. 4s, 



$150,000 



$190,500 00 



$150,000 00 



68 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



o « 

6 jj 

& 02 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


64 
44 

100 

50 

50 

50 

33 

50 

15 

50 

78 

50 

50 

50 

50 

'76 

100 

100 

169 

50 


Bay State N'l B'k, Lawrence, . 
Nat'l City Bank, Boston, 
N'l B'k of Commerce, Boston, 
Natl Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, . 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, 
N'l Hide & Leather B'k, Boston, 
Howard Nat'l Bank, Boston, . 
Lawrence N'l Bank, Lawrence, 
Manufacturers' N'l B'k, Boston, 
Market Nat'l Bank, Boston, . 
N'l B'k of N. America, Boston, 
State Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston, 
Suffolk Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Nat'l Webster Bank, Boston, . 


$4,800 

4,400 

10,000 

5,000 

5,000 

5,000 

3,300 

5,000 

1,500 

5,000 

7,800 

5,000 

5,000 

5,000 

5,000 

7,600 

10,000 

10,000 

16,900 

5,000 


$7,680 00 

4,664 00 

12,100 00 

5,075 00 

6,500 00 

4,837 50 

3,036 00 

6,125 00 

1,702 50 

5,350 00 

8,970 00 

4,725 00 

4,512 50 

5,125 00 

5,775 00 

9,519 00 

10,025 00 

11,475 00 

16,942 25 

5,137 50 


$6,400 00 

4,400 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

3,300 00 

5,000 00 

1,500 00 

5,000 00 

7,800 00 

5,000 00 

5,000 00 

5,000 00 

5,000 00 

7,600 00 

10,000 00 

10,000 00 

16,900 00 

5,000 00 




$126,300 


$139,276 25 


$127,900 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 18, 1887. 
Personally appeared Gilbert E. Hood, Treasurer of the Broadway Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, H. L. Sherman, Justice of the Peace. 

Essex, ss., Nov. 18, 1887. 
Personally appeared John Fallon, Morris Knowles, Thos. Scott, C. K. Pillsbury, 
Wm. P. Clark and Peter Holihan, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, H. L. Sherman, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



69 



BROCKTON SAVINGS BANK — BROCKTON. 

Incorporated 1881. Number of corporators, 47. 

John J. Whipple, President. Clarence R. Fillebrown, Treasurer. 

Wm. W. Cross, Clerk. 

Names of committee charged with the investment of its funds : 
John J. Whipple, Bradford E. Jones, 

Davis S. Packard, Gardner J. Kingman. 

Enos H. Reynolds, 

Open for business every business day, 9 a.m. to 2 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$57,974 00 


Deposits, . 


$733,445 13 


Bank stock as per Schedule B, . 


13,800 00 


Earnings undivided, 


906 36 


Railroad bonds, . . 


71,585 00 


Guaranty fund, 


11,500 00 


Loans on real estate, . 


411,600 00 






Loans on personal security, 


147,354 00 






Loans to counties, cities or towns 








(notes), 


13,000 00 






Deposit in bank, not on interest, 


29,731 05 






Expense account, 


168 61 






Cash on hand, .... 


638 83 








$745,851 49 


$745,851 49 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 301 

Aggregate amount of the same, $345,104 00 

Cash on Deposit in Bank : — 
Brockton National Bank, Brockton, $29,731 05 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $34,147 29 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 11,512 83 

ending Oct. 31, 1887, J 2 per cent., 1 12,320 23 

Times for the dividends fixed by the by-laws : April 15 and October 15. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 6,257 $379,845 44 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 241 123,790 52 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 3,276 284,552 63 

Number of accounts opened during the year ending Oct. 31, 1887, 1,388 
Number of accounts closed during the year ending Oct. 31, 1887, . 749 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,723 26 

Amount of treasurer's bond, ..." 15,000 00 

Date of examination by commissioner : June 13. 



70 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Eate. 


Amount. 


Eate. 


$13,000 00 

35.000 00 

138,200 00 


4 per cent. 
4£ " 
5 


$3,500 00 

375,679 00 

2,575 00 


5£ per cent. 
6 " 
6£ " 


$3,800 00 
200 00 


7 per cent. 
8 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$22,551 79 

35.878 54 

92,653 56 

218,929 73 

216,364 42 

147,067 09 

310.143 40 

15.070 29 

11,770 97 

47,014 75 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Brockton, Mass., 4s, . 

of Brockton, Mass., 5s, . 
District of Columbia 6s and 7s, 
City of Biddeford, Me., 4s, 

of Cleveland, Ohio, 6s and 7s, 



^29,000 
5,700 

10,000 
1,000 
9,000 



$54,700 



29,580 


00 


6,213 


00 


12,580 


00 


1,000 


00 


10,130 


00 



$29,580 00 
5,814 00 

11,500 00 
1,000 00 

10,080 00 



$59,503 00 $57,974 00 



Schedule B — Detailed Statement of Bank Stocks. 



© <D 

O as 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


10 
10 
28 
10 
10 
50 
20 


Manufacturers 1 Wl B'k, Boston, 
Shawmut Nat'l Bank, Boston, . 
Tremont Natl Bank, Boston, . 
Nat'l Webster Bank, Boston, . 
N'l B'k of No. America, Boston, 
Brockton N'l Bank, Brockton, . 
Home Nat 1 ! Bank, Brockton, . 


$1,000 
1,000 
2,800 
1,000 
1,000 
5,000 
2,000 


$945 00 
1,250 00 
2,800 00 
1,025 00 
1,045 00 
5,600 00 
2,380 00 


$1,000 00 
1,000 00 
2,800 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 




$13,800 


$15,045 00 


$13,800 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



71 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested 


Newport & Richford R.R. 5s, . 


$6,000 


$6,360 00 


$6,000 00* 


Boston, Revere Beach & Lynn R.R. 6s, 


1,000 


1,120 00 


1,000 00 


Boston & Lowell R.R. 7s, 


14,000 


16,000 00 


15,400 00 


Boston & Lowell R.R. 5s, 


1,000 


1,050 00 


1,000 00 


Old Colony R.R. 6s, .... 


3,000 


3,390 00 


8,000 00 


Vermont & Massachusetts R.R. 5s, . 


9,000 


9,540 00 


9,180- 00 


Boston & Maine R.R. 7s, . 


5,000 


5,700 00 


5,250 00 


Worcester & Nashua R.R. 5s, . 


5,500 


5,720 00 


5,500 00 


Nashua & Rochester R.R. 5s, . 


4,000 


4,200 00 


4,000 00 


Conn. & Passumpsic Rivers R.R. 7s, 


11,500 


12,650 00 


12,075 00* 


Fitchburg R.R. 5s, . 


6,000 


6,240 00 


6,180 00 


B.,C.,Fitchburg & N.Bedford R.R. 5s, 


1,000 


1,100 00 


1,000 00 


Nashua & Lowell R.R. 6s, 


2,000 


2,160 00 


2,000 00 




$69,000 


$75,230 00 


$71,585 00 



Commonwealth of Massachusetts. 

Plymouth, ss , Nov. 12, 1887. 
Personally appeared Clarence R. Fillebrown, Treasurer of the Brockton Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, DeWitt C. Packard, Justice of the Peace. 

Plymouth, ss., Nov. 12, 1887. 
Personally appeared Davis S. Packard, E. H. Reynolds, Gardner J.Kingman, John J. 
Whipple and B. E. Jones, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, DeWitt C. Packard, Justice of the Peace. 



* These were legal investments when made. 



72 



BANK COMMISSIONERS' REPORT. 



[Jan. 



BROOKFIELD SAVINGS BANK — BROOKFIELD. 

Incorporated 1872. Number of corporators, 35. 

Henry D. Fales, President. Hiram P. Gerald, Treasurer. 

Hiram P. Gerald, Clerk. 

Names of committee charged with the investment of its funds : 
H. V. Crosby, H. P. Gerald, 

Geo. S. Duell, W. Tufts. 

Open for business every business day, 8 a.m. to 6 p.m. 
Statement. 



Assets. 


Liabilities. 


Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 

Expense account, 

Cash on hand, .... 


$44,984 12 
9,512 40 

8,750 00 

4,334 96 

50 00 

1,600 79 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$66,696 03 
1,402 68 
1,133 56 




$69,232 27 


$69,232 27 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 74 

Aggregate amount of the same, $55,946 52 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Worcester, . $936 47 

Mechanics' National Bank, Worcester, 1,000 00 

Central National Bank, Worcester, 1,000 00 

City National Bank, Worcester 907 32 

Boston Safe Deposit and Trust Company, Boston 491 17 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887, $2,990 02 

Kate and amount of each semi-annual dividend for the year ) 2 per cent., f 1,077 42 

ending Oct. 31, 1887, ) 2 per cent., 1 1,226 45 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend: 4 2-5. 
Date of the last extra dividend : July 1, 1886. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 508 $25,906 10 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 20 8,647 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 442 22,492 55 

Number of accounts opened during the year ending Oct. 31, 1887, . 102 
Number of accounts closed during the year ending Oct. 31, 1887, . 85 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 163 20 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: January 19. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



73 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$4,334 96 
8,750 00 


3 per cent. 
4 


$3,000 00 
13,300 00 


5 per cent. 
5£ « 


$38,196 52 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, . 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $100( 

Of $1,000 or more, .... 

To the credit of women, both adult and minor, 

To the credit of religious and charitable associations, 

In trust, . 




£12,714 88 

2,820 91 

7,459 79 

18,692 07 

21,781 41 

3,226 97 

22,282 58 

2,140 32 

2,348 47 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 19, 1887. 
Personally appeared Hiram P. Gerald, Treasurer of the Brookfield Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, H. V. Crosby, Justice of the Peace. 

Worcester, ss., Nov. 19, 1887. 
Personally appeared Henry D. Fales, Levi Davis, Geo. S. Duell, Wm. F. Hayden and 
J. W. Livermore, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, H. V. Crosby, Justice of the Peace. 



74 



BAXK COMMISSIONERS' EEPOET. 



[Jan. 



BROOKLIXE SAVLXGS BAXK — BROOKLLXE. 

Incorporated Feb. 24, 1871. Number of corporators, 52. 

Wm, H. Lincoln, President. Wm. E. Lincoln, Treasurer. 

Wm. E. Lincoln, Clerk. 

Names of committee charged with the investment of its funds : 



Chas. D. Head, 
B. W. Neal, 
Thus. P. Ritchie, 



Nath'l Ltford, 
Benj. F. Bak.ee, 
Wm. E. Lincoln. 



Open for business Monday and Saturday, 5.15 to 8 p.m. ; Wednesday, 4 to 5 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stuck as per Schedule B, .. 
Loans on bank stock, 
Railroad bonds, . 
Real estate (for banking pur 

poses), .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, un interest, 
Expense account, 
Interest account, . 
Tax title, .... 
Cash on hand, 



§14.750 00 

30,946 63 

550 00 

10,000 00 

7,231 36 

1,526 22 

219,337 50 

31,800 00 

14,710 39 

633 19 

2,546 33 

90 45 

3,364 11 



$337,486 18 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



§332,043 21 
1,049 18 
79 



4,393 



§337,486 18 



Loans on Bank Stock, amount on each : — 

On 4 shares National Eagle Bank, Boston, §300 00 

On 3 shares National Eagle Bank, Boston, 250 00 

Invested in real estate (for banking purposes), $7,231 36 

Estimated value of the same, 7,500 00 

Assessed value of the same, 6,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 100 00 

Value (by books) of other real estate, held by forclosure or otherwise, . 1,526 22 

Assessed value of the same, 800 00 

Number of outstanding loans which are of an amount not exceeding §3,000 

each, 50 

Aggregate amount of the same, 59,687 50 

Amount of investments from which no income is received, . . . 1,526 22 

Cash on Deposit in Banks, amount in each : — 

Shawmut National Bank, Boston, $5,471 48 

Central National Bank, Boston, 5,283 69 

Brookline National Bank, Brookline 3,955 22 



1888.] 



PUBLIC DOCUMENT — No. -8. 



75 



Whole amount of interest or profits received or earned during the year end- 
ing Oct. 31, 1887 $13,449 27 

Rate and amount of each semi-annual dividend for the year | 2 per cent., f 5,055 80 
ending Oct. 31, 1887 J 2 per cent., I 5,384 50 

Times for the dividends fixed by the by-laws : second Monday in January 
and July. 

Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887, 3,440 $126,963 96 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 59 30,500 65 

Number and amount of withdrawals (including dividends) during the 
year ending Oct, 31, 1887, 1,204 82,972 41 

Number of accounts opened during the year ending Oct. 31, 1887, . 508 

Number of accounts closed during the year ending Oct. 31, 1887, . 250 

Amount of expenses of the corporation during the year ending Oct. 31, 18b7, 1,880 00 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner : Dec. 15. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors'' Accounts. 



Number. 



Amount. 



Whole number, 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $. , 00 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To t he credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




$13,588 33 

16,917 61 

38,566 93 

87.896 00 

96,497 27 

78,577 07 

127,920 92 

723 76 

495 25 

49,453 43 



Schedule A — Detailed Statement of Bublic Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Town of Brooldine, Mass., 7s, 
of Brookline, Mass., 4±s, 


$4,000 
10,000 


$5,200 00 
10,550 00 


$4,200 00 
10,550 00 




$14,000 


$15,750 00 


$14,750 00 



76 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



%-, 09 

o <0 






Estimated 




o « 




Par Value. 




Amount Invested. 


& s 






Market Value. 




50 


Natl City Bank, Boston, 


$5,000 


$5,350 00 


$5,531 25 


61 


Central Natl Bank, Boston, . 


6,100 


7,950 00 


9,700 00 


50 


Merchandise N'l Bank, Boston, 


5,000 


5,000 00 


5,000 00 


30 


Tremont Nat'l Bank, Boston, . 


3,000 


3,000 00 


3,344 13 


37 


Natl Revere Bank, Boston, 


3,700 


4,625 00 


4,057 00 


12 


Natl Eagle Bank, Boston, 


1,200 


1,200 00 


1,314 25 


20 


Brookline N'l Bank, Brookline, 


2,000 


2,140 00 


2,000 00 




$26,000 


$29,265 00 


$30,946 63 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Fitchburg R.R. 4s, 




),800 00 $10,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 22, 1887. 
Personally appeared Wm. E. Lincoln, Treasurer of the Brookline Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Albert L. Lincoln, Jr., Justice of the Peace. 

Suffolk, ss., Nov. 22, 1887. 
Personally appeared Wm. H. Lincoln, J. Anson Guild, B. W. Neal, Wm. Lincoln and 
James P. Stearns, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer ; and that they believe said statement to be true. 

Before me, William E. Lincoln, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



77 



CAMBRIDGEPORT SAYINGS BANK — CAMBRIDGEPORT. 
Incorporated 1853. Number of corporators, 11. 



Joseph A. Holmes, President. 



William Page, Treasurer. 



J. F. Lane, Clerk. 



Names of committee charged with the investment of its funds 
Joseph A. Holmes, Daniel U. Chamberlain. 

Geo. T. Gale, 

Open for business every business day, 9 a.m. to 1 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$1,099,662 10 


Deposits, . 


$2,909,239 77 


Loan on public funds, 


500 00 


Earnings undivided, 


42,510 45 


Bank stock as per Schedule B, . 


98,100 00 


Guaranty fund, 


86,100 00 


Loan on bank stock, . 


20,000 00 






Railroad bonds, .... 


271,000 00 






Loans on real estate, . 


1,070,349 72 






Loans on personal security, 


256,500 00 






Loans to counties, cities or towns 








(notes), 


179,000 00 






Deposits in banks, on interest, . 


40,406 39 






Expense account, 


1,257 75 






Cash on hand, .... 


1,074 26 








$3,037,850 22 


$3,037,850 22 



Loan on Public Funds : — 
On $500 State of New Hampshire bonds, $500 00 

Loan on Bank Stock : — 
On 200 shares Metacomet National Bank, Fall River, with 40 shares Old 

Colony R.R. and 25 shares Boston & Maine R.R. as additional security, $20,000 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 331 

Aggregate amount of the same, . $469,109 83 

Cash on Deposit in Banks, amount in each : — 

Cambridgeport National Bank, Cambridgeport, ...... $5,209 02 

First National Bank, Cambridge, . 34,284 26 

National City Bank, Cambridge, 913 11 

Whole amount of interest or profits received during year ending Oct. 31, 
1887, $158,832 44 

Rate and amount of each semi-annual dividend for the year J 2 per cent., J 55,068 12 
ending Oct. 31, 1887, J 2 percent.,} 56,149 93 

Times for the dividends fixed by the by-laws ; third Wednesday in Jan- 
uary and July. 



78 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 8,373 $438,282 95 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 255 129,663 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 5,633 506,417 02 

Number of accounts opened during the year ending Oct. 31, 1887, 1,126 

Number of accounts closed during the year ending Oct. 31, 1887, . 827 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,488 47 

Amount of treasurer's bond, . . . . . . . . . 20,000 00 

Date of examination by commissioner : May 24. 



Total amount of Loans tvith each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$40,406 39 

40,000 00 

158,500 00 

321,000 00 


2£ per cent. 

4 " 
4£ " 


$810,793 24 

60,650 00 

109,556 48 

14,100 00 


5 per cent 

5£ " 

6 

6£ " 


$4,750 00 
4,500 00 
2,500 00 


7 per cent. 

7 3 " 
* 1L0 

7% " 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



$48,859 10 

57,S18 37 

141,722 52 

433,573 01 

765,324 40 

1,461,942 37 

1,260.07+ 00 

23,963 00 

79,707 00 

438,353 00 



Schedule A — Detailed Statement of Bublic Funds. 







Estimated 






Par Value. 




Amount Invested. 






Market Value. 




City of I'oston, Mass., 6s, 


$39,000 


$42,740 00 


$39,000 00 


of: Boston, Mass., 5s, 


13,000 


14,1)50 00 


13,000 00 


of Cambridge, Mass., 6s, 


8,000 


8,300 00 


8,000 00 


of Cambridge, Mass., 5s, 


50,000 


50,500 00 


5!). 000 00 


of Cambridge, Mass., 4s, 


100,000 


101,550 00 


100,000 00 


of Cleveland, Ohio, 7s, . 


34,000 


,37,350 00 


34,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8 



79 



Schedule A — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Cleveland, Ohio, 6s, . 


$54,000 


$56,920 00 


$54,000 00 


of Cleveland, Ohio, 4s, . 


39,000 


39,000 00 


39,000 00 


of Cleveland, Ohio, 3-j 6 /oS, 


7,000 


6,720 00 


7,000 00 


of Davton, Ohio, 4s, . 


55,000 


55,000 00 


55,000 00 


of Columbus, Ohio, 4s, . 


40,000 


40,000 00 


40,000 00 


of Grand Rapids, Mich., 8s, 


5,000 


6,100 00 


5,000 00 


of Grand Rapids, Mich., 5s, 


12,000 


12,000 00 


12,000 00 


of Grand Rapids, Mich., 4s, 


19,000 


19,000 00 


19,000 00 


of Lawrence, Mass., 4s, . 


40,000 


40,800 00 


40,000 00 


of New Bedford, Mass., 5s, 


5,000 . 


5,650 00 


5,000 00 


of New Britain, Ct., 4s, . 


5,000 


5,000 00 


5,000 00 


of Newton, Mass., 6s, . • . 


3,000 


3,750 00 


3,000 00 


of Newton, Mass., 4s, 


13,000 


13,065 00 


13,000 00 


of Taunton, Mass., 4s, 


35,500 


35,677 50 


35,500 00 


of Worcester, Mass., 5s, . 


20,000 


23,000 00 


20,000 00 


of Worcester, Mass., 4s, . 


50,000 


50,250 00 


50,000 00 


Town of Beverly, Mass., 4s, . 


52,000 


52,780 00 


52,000 00 


of Rockland, Mass., 4s, . 


57,000 


57,000 00 


62,107 23 


of South Abington, Mass., 4s, 


19,000 


19,000 00 


19,000 00 


City of Waltham, Mass., 4s, . 


46,000 


46,000 00 


47,993 34 


Town of Weymouth, Mass., 4s, 


31,000 


31,310 00 


31,000 00 


of Kingston, Mass., 4s, . 


33,000 


33,000 00 


36,061 53 


District of Columbia 6s, . 


30,000 


32,100' 00 


30,000 00 


United States 4s, 


175,000 


212,812 50 


175,000 CO 




$1,089,500 


$1,151,325 00 


$1,099,662 10 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested 



50 


Blackstone Natl Bank, Boston, 


$5,000 


$5,425 00 


$5,000 00 


56 


Nl B'k of Commerce, Boston, 


5,600 


6,846 00 


5,600 00 


40 


Eliot Natl Bank, Boston, 


4,000 


5,120 00 


4,000 00 


50 


Globe Natl Bank, Boston, 


5,000 


4,562 50 


5,000 00 


100 


Hamilton Natl Bank, Boston, 


10,000 


12,250 00 


10,000 00 


150 


Suffolk Natl Bank, Boston, . 


15,000 


17,175 00 


15,000 00 


100 


Tremont Natl Bank, Boston, . 


10,000 


10,025 00 


10,000 00 


206 


Natl Union Bank, Boston, 


20,600 


29,818 50 


20,600 00 


50 


Washington Nl Bank, Boston, 


5,000 


6,200 00 


5,000 00 


75 


Natl Webster Bank, Boston, . 


7,500 


7,696 88 


7,500 00 


40 


Cambridgeport Natl Bank, 










Cambridgeport, . 


4,000 


5,400 00 


4,000 00 


50 


First Natl Bank, Cambridge, . 


5,000 


8,000 00 


5,000 00 


14 


Natl City Bank, Cambridge, . 


1,400 


2,240 00 


1,400 00 




$98,100 


$120,758 88 


$98,100 00 



80 



BAXK COMMISSIONERS' REPORT. 



[Jan, 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Albany R.R. 7s, 




$63,000 


§69,300 00 


$63,000 00 


Fitehburg R.R. 7s, . . . 




6,000 


6.900 00 


6,000 00 


Fitehburg- R.E,. 5s, . 




22,000 


22,440 00 


22,000 00 


Fitehburg R.R. 4s, . 




50,000 


47,500 00 


50,000 00 


Old Colonv R.R. 7s, . 




1,000 


1,160 00 


1,000 00 


Old Colonv R.R. 6s, . 




19,000 


21.850 00 


19,000 00 


Old Colonv R.R. 4s. . 




50,000 


50,000 00 


50,000 00 


Vermont & Massachusetts R.R 


OS, . 


60,000 


65,400 00 


60,000 00 






§271,000 


8284,550 00 


1271,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Dec. 6, 1887. 
Personally appeared William Page, Treasurer of the Cambridgeport Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Chas. G. Pope, Justice of the Peace. 



Middlesex, ss., Dec. 6, 1887. 
Personally appeared Jos. A. Holmes, Geo. T. Gale, Daniel U. Chamberlain, Benj. R. 
Tilton and W. A. Bullard, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Chas. G. Pope, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



81 



CAMBRIDGE SAVINGS BANK — CAMBRIDGE. 

Incorporated 1834. Number of corporators, 52. 

Chas. W. Sever, President. Oscar F. Allen, Treasurer. 

James H. Wyeth, Clerk. 

Names of committee charged with the investment of its funds : 
Chas. W. Sever, J. T. G. Nichols, 

Andrew S. Waitt, Wm. Kimball, 

Edwin Dresser, J. R. Pettingill. 

Chas. E. Raymond, 

Open for business every business day, 8 a.m. to 1 p.m. 
Statement. 



Assets. 


LlABILITIKS. 


Public funds as per Schedule A, 


$169,532 50 


Deposits, . 


$2,288,562 17 


Loan on public funds, 


4,100 00 


Earnings undivided, 


43,1(15 10 


Bank stock as per Schedule B, . 


274,018 85 


Guaranty fund, 


57,750 00 


Loans on bank stock, . 


59,900 00 






Railroad bonds, .... 


55,000 00 






Loan on railroad bonds, 


25,000 00 






Real estate by foreclosure, . 


38,795 94 






Loans on real estate, . 


914,453 00 






Loans on personal security, 


749,357 33 






Loans to counties, cities or towns 








(notes), 


65,000 00 






Deposits in banks, on interest, . 


30,400 00 






Deposits in banks, not on interest, 


119 80 






Expense account, 


1,288 00 






Cash on hand, .... 


2,511 85 








$2,389,477 27 


$2,389,477 27 



Loan on Public Funds : — 
On $4,100 United States 4s, $4,100 00 

Loans on Bank Stock, amount on each : — 

On 25 shares National Bank of Commerce, Boston, $2,300 00 

On 70 shares National Revere Bank, Boston, 7,000 00 

On 500 shares Maverick National Bank, Boston, 50,000 00 

On 6 shares Worcester National Bank, AVorcester, 600 00 

Loan on Railroad Bonds : — 
On §25,000 Connecticut & Passumpsic Rivers Railroad Bonds, with $5,000 

City of Lynn Bonds as additional security, *$25,000 00 

Value (by books) of real estate held by foreclosure or otherwise, . . $38,795 94 

Assessed value of the same, 42,000 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 257 

Aggregate amount of the same, 338,751 00 

Amount of investments from which no income is received, .... 16,357 33 



* This was a legal loan when made. 



82 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Charles River National Bank, Cambridge, $8,660 93 

Maverick National Bank, Boston, 21,858 87 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $111,340 14 

Rate and amount of each semi-annual dividend for the year ) 1^ per cent., f 32,787 88 

ending Oct. 31, 1887 J 2 percent,! 43,968 80 

Times for the dividends fixed by the by-laws : fourth Thursday in January 

and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 7,721 $431,897 66 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887 .284 138,154 23 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 6,559 511,397 56 

Number of accounts opened during the year ending Oct. 31, 1887, . 973 
Number of accounts closed during the year ending Oct. 31, 1887, . . 741 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,017 18 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : May 18. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors' 1 Accounts. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not mure than $20i>, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



Number. 



ons, 




Amount. 



$34,321 62 

50.275 97 

134. 13 L 66 

-■385,071 23 

671,094 08 

,013,667 61 

,192,346 49 

14,085 10 

25,730 69 

212,012 40 









1888.] 



PUBLIC DOCUMENT — No. 8. 



83 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Fall River, Mass., 6s, . 


$21,000 


$27,130 00 


$20,150 00 


of Newburyport, Mass., 6s, 


18,000 


19,800 00 


18,000 00 


of Cambridge, Mass., 6s, . 


22,000 


25,400 00 


21,932 50 


of Lowell, Mass., 6s, 


20,000 


21.600 00 


19,400 00 


of Fitchburg, Mass., 6s, . 


25,000 


27,500 00 


25,000 00 


of Providence, R. L, 5s, . 


22,000 


25,960 00 


24,035 00 


of Boston, Mass., 6s, 


15,000 


16,950 00 


17,775 00 


of Boston, Mass., 5s, 


2,000 


2,320 00 


2,240 00 


Town of Westborough, Mass., 5s, . 


14,000 


16,240 00 


14,000 00 


of Medford, Mass., 6s, . 


2,000 


2,120 00 


2,000 00 


City of Springfield, Mass., 7s, . 


1,000 


1,400 00 


1,000 00 


Commonwealth of Massachusetts 5s, 


4,000 


4,600 00 


4,000 00 




$166,000 


$191,020 00 


$169,532 50 



Schedule B — Detailed Statement of Bank Stocks. 



O l 






Estimated 




O C3 




Par Value. 






Amount Invested. 


fc & 






Market Value. 




159 


Atlas Nat'l Bank, Boston, 


$15,900 


$18,285 


00 


$19,054 25 


265 


Boston Natl Bank, Boston, . 


26,500 


31,800 


00 


29,134 37 


18 


Continental N'l Bank, Boston, 


1,800 


2,142 


00 


2,203 25 


107 


Eliot Nat'l Bank, Boston, 


10,700 


13,803 


00 


12,489 12 


42 


Faneuil Hall N'l Bank, Boston, 


4,200 


5,838 


00 


5,484 75 


9 


Freeman's N'l Bank, Boston, . 


900 


846 


00 


997 25 


69 


Globe Nat'l Bank, Boston, 


6,900 


6,348 


00 


8,919 26 


93 


Hamilton Nat'l Bank, Boston, 


9,300 


11,346 


00 


11,590 00 


114 


Howard Nat'l Bank, Boston, . 


11,400 


12,198 


00 


12,831 49 


58 


Market Nat'l Bank, Boston, . 


5,800 


5,278 


00 


6,280 63 


134 


Merchants' N'l Bank, Boston, 


13,400 


18,894 


00 


18,207 25 


10 


Shawmut Nat'l Bank, Boston, 


1,000 


1,250 


00 


1,206 25 


50 


State Nat'l Bank, Boston, 


5,000 


5,750 


00 


5,481 25 


145 


Suffolk Nat'l Bank, Boston, . 


14,500 


16,820 


00 


17,836 50 


200 


Third Nat'l Bank, Boston, 


20,000 


20,000 


00 


20,598 12 


83 


Traders' Nat'l Bank, Boston, . 


8,300 


7,802 


00 


8,300 00 


117 


Tremont Nat'l Bank, Boston, . 


11,700 


11,700 


00 


14,003 25 


125 


Nat'l B'k of Commerce, Boston, 


12,500 


15,000 


00 


15,309 99 


11 


Nat'l Exchange Bank, Boston, 


1,100 


1,386 


00 


1,575 75 


11 


Nat'l Eagle Bank, Boston, 


1,100 


1,122 


00 


1,241 88 


28 


N'l Hide & Leather B'k, Boston, 


2,800 


3,192 


00 


3,144 00 


146 


Nat'l Revere Bank, Boston, . 


14,600 


18,250 


00 


17,499 99 


5 


Nat'l Union Bank, Boston, 


500 


720 


00 


719 00 


25 


Charles Riv. N'l B'k, Camb'dge, 


2,500 


3,750 


00 


2,526 00 


46 


Newton Nat'l Bank, Newton, . 


4,600 


4,600 


00 


5,880 00 


30 


Nat'l Rockland Bank, Boston, 


3,000 


4,500 


00 


4,625 25 


50 


Naumkeag N'l Bank, Salem, . 


5,000 


7,000 


00 


7,800 00 



84 



BANK COMMISSIONEKS' REPOET. 

Schedule B — Concluded. 



[Jan. 



O O 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


50 

50 

60 
10 


NfatT Bank of Commerce, New 
Bedford, .... 

So. Framingham Natl Bank, 
So. Framingham, 

First NatT Bank, New Bedford, 

First Natl Bank, Leominster, 


$5,000 

5,000 
6,000 
1,000 


$6,250 00 

5,000 00 

9,000 00 

500 00 


$6,160 00 

5,000 00 

7,420 00 

500 00 




$232,000 


$270,370 00 


$274,018 85 



Railroad Bonds. 



' 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 
Lowell & Andover R.R. 6s, 
Fitehburg R.R. 4is, .... 


$4,000 

1,000 

50,000 


$4,780 00 

1,120 00 

50,000 00 


$4,000 00 

1,000 00 

50,000 00 




$55,000 


$55,900 00 


$55,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 15, 1887. 
Personally appeared Oscar F. Allen, Treasurer of the Cambridge Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct statement 
of all the resources and liabilities of said institution, and that the answers made by him 
to the foregoing interrogatories contain the whole truth in reference to the matters to 
which they relate, according to his best knowledge and belief. 

Before me, Chas. H. Thurston, Justice of the Peace. 

Middlesex, ss., Nov. 15, 1887. 
Personally appeared Chas. E. Raymond, Chas. W. Sever, John H. Hubbard, James 
H. Wyeth, J. T. G. Nichols and Franklin Perrin, being five or more of the trustees of 
said corporation, and severally made oath that they have made an examination of the 
affairs of the bank; that the books and records of said institution indicate the state of 
affairs as above attested by their treasurer; and that they believe said statement to be 
true. Before me, Chas. H. Thurston, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



85 



CANTON INSTITUTION FOR SAVINGS — CANTON. 

Incorporated 1835. Number of corporators, 24. 



€has. H. French, President. 



Nath'l W. Dunbar* Treasurer. 



Nath'l W. Dunbar, Clerk. 

Names of committee charged with the investment of its funds : — 
Chas. Endicott, Wm. O. Chapman, 

James L. Shepard, Nath'l W. Dunbar. 

Open for business eveiy business day, 8 am. to 12 m., 1.30 to 4 p.m. 



Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, 
Loan on bank stock, . 
Railroad bonds, . 
Real estate by foreclosure, 
Loans on real estate. . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Expense account, 



$99,2-50 00 

53,100 00 

10,000 00 

26,000 00 

10,120 00 

224,416 00 

79,225 00 

33.410 00 

10,988 26 

67 09 



$552,576 35 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$530,561 10 

4,857 18 

17,158 07 



$552,576 35 



Loan on Bank Stock : — 
On 100 shares National Bank of South Reading, Wakefield, . . . $10,000 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $10,120 00 

Assessed value of the same, 10,450 00 

Net income received from same during year ending Oct. 31, 1887, . . 438 75 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 194 

Aggregate amount of the same, 187,291 00 

Amount of investments from which no income is received, .... 3,200 00 

Cash on Deposit in Bank : — 
Neponset National Bank, Canton $16,988 26 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1S87, $26,947 14 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 10,052 75 
ending Oct. 31, 1887, { 2 percent.,! 10,013 17 

Times for the dividends fixed by the by-laws : first Tuesday in April and 
October. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend, 5. 

Date of the last extra dividend, October 7, 1879. 



86 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,338 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 48 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 987 

Number of accounts opened during the year ending Oct. 31, 1887, . 284 
Number of accounts closed during the year ending Oct. 31, 1887, . 224 
Amount of expenses of the corporation during the year ending Oct 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : September 15. 



582,265 14 
23,222 00 
93,062 31 



913 49 
10,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$16,988 26 
28,410 00 


2 per cent. 
4 


$32,750 00 4£ per cent. 
52,000 00 5 " 


$5,000 00 
228,891 00 


&| per cent. 
6 



Classification of Depositors'* Accounts. 



Number. 



Amount. 



"Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 



1,926 

530 

272 

348 

398 

257 

121 

1,032 

9 

17 

62 



$10,764 32 

18,973 32 

48,406 38 

125,711 86 

178,818 67 

147.886 55 

307,142 86 

5,150 29 

4.558 45 

24,937 36 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 4s, 


$10,000 


$12,600 00 


$10,000 00 


County of Hampden, Mass., 3s, 


10,000 


9,600 00 


9,600 00 


City of Providence, R.I., 5s, . 


10,000 


11,500 00 


11.500 00 


of Taunton, Mass., 4s, 


10,000 


10,300 00 


10,300 00 


of Lawrence, Mass., 4s, . 


15,000 


15,450 00 


15,450 00 


of Waltham, Mass., 4s, . 


8,000 


8,400 00 


8,400 00 


of Lynn. Mass., 3|s, 


L3,500 


13,500 00 


1:5,500 00 


of New Bedford, Mass., 3£s, . 


10,000 


10,000 00 


10,000 00 


Town of Norwood, Mass., 4s, . 


10,000 


10,500 00 


10,500 00 




$96,500 


$101,850 00 


$99,250 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



87 



Schedule B — Detailed Statement of Bank Stocks. 



S-. 00 

O a> 

o ^ 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


113 
50 
25 
25 
25 
40 
33 
50 
50 
25 
25 
17 
25 


Neponset N'l Bank, Canton, . 
Dedham N'l Bank, Dedham, . 
Atlas Natl Bank, Boston, 
Blackstone Natl B'k, Boston, . 
Central Natl Bank, Boston, . 
Freeman's Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Market Natl Bank, Boston, 
N'l B'k of No. America, Boston, 
Natl Eagle Bank, Boston, 
Natl Webster Bank, Boston, . 
North Natl Bank, Boston, 
Shoe & Leather Nl B'k, Boston, 


$11,300 
5,000 
2,500 
2,500 
2,500 
4,000 
3,300 
5,000 
5,000 
2,500 
2,500 
1,700 
2,500 


$14,690 00 
6,000 00 
2,875 00 
2,650 00 
3,250 00 
3,800 00 
3,036 00 
4,600 00 
5,250 00 
2,500 00 
2,550 00 
2,227 00 
2,500 00 


$13,100 00 
6,000 00 
2,500 00 
2,500 00 
2,500 00 
4,000 00 
3,300 00 
5,000 00 
5,000 00 
2,500 00 
2,500 00 
1,700 00 
2,500 00 




$50,300 


$55,928 00 


$53,100 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 
Boston & Maine R.R. 7s, 
Eastern R.B. 6s, ... 


$12,000 
5,000 
5,500 


$13,440 00 
5,750 00 
6,710 00 


$14,500 00 
6,000 00 
5,500 00* 




$22,500 


$25,900 00 


$26,000 00 



Commonwealth of Massachusetts. 

Norfolk, ss., Nov. 12, 1887. 
Personally appeared Nathaniel W. Dunbar, Treasurer of the Canton Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, Chas. Endicott, Justice of the Peace. 

Norfolk, ss., Nov. 12, 1887. 
Personally appeared Chas. H. French, Chas. Endicott, Sam'l H. Capen, Elijah Bent, 
Henry F. Buswell and F. D. Dunbar, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs of 
the bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, N. W. Dunbar, Justice of the Peace. 



* This was a legal investment when made. 



88 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CAPE ANN SAYINGS BANK— GLOUCESTER. 

Incorporated 1846. Number of corporators, 48. 

Addison Gilbert, President. George J. Marsh, Treasurer. 

George J. Marsh, Clerk. 

Names of committee charged with the investment of its funds : 



Addison Gilbert, 
Samuel A. Stacet, 
Elbridge G. Friend, 
Robert R. Fears, 
Henry Center, 



John Corliss, 
Sylvester Cunningham, 
John E. Somes, 
John J. Pew, 
Frederic G. Wonson. 



Open for business every business day, 9 a.m. to 1 p.m., and 2 to 3 p.m. In August, 

9 a.m. to 1 P.M. 

Statement. 



ASSETS. 


Liabilities. 


Public funds as per Schedule A, 


$146,400 00 


Deposits, . 


$1,725,771 35 


Bank stock as per Schedule B, . 


211,700 00 


Earnings undivided 


17,671 38 


Loans on bank stock, . 


24,000 00 


Guaranty fund, 


80,500 00 


Railroad bonds, .... 


45,875 00 


Surplus, 


15,753 92 


Real estate (for bamung pur- 




Premiums, 


8,141 03 


poses), 


1,000 00 


Taxes, 


2,732 04 


Real estate bv foreclosure, . 


2,225 73 


Profit and loss, 


19,315 59 


Loans on real estate, . 


928,940 00 


J. Green account, 


586 89 


Loans on personal security, 


484,000 00 






Loans to counties, cities or towns 








(notes), 


16,300 00 






Deposit in bank, on interest, 


5,384 74 






Deposit in bank, not on inter- 








est, 


4,307 94 






Expense account, 


133 33 






Miscellaneous, .... 


37 50 






Cash on hand, .... 


167 96 








§1,870,472 20 


$1,870,472 20 



Loans on Bank Stock, amount on each : — 

On 10 shares First National Bank, Gloucester, ' $1,000 00 

On 230 shares City National Bank, Gloucester 23,000 00 

Invested in real estate (for banking purposes), $1,000 00 

Estimated value of the same, 7,000 00 

Assessed value of the same, 9,700 00 

Net income received from same during year ending Oct. 31, 1887, . . 250 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 2,225 73 

Assessed value of the same, 2,700 00 

Net income received from same during year ending Oct. 31, 1887, . 39 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 655 

Aggregate amount of the 6ame, . 517,980 00 

Amount of investments from which no income is received, .... 9,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



89 



Cash on Deposit in Banks, amount in each : — 

Gloucester National Bank, Gloucester, $4,307 94 

National Bank of Redemption, Boston, 5,384 74 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $97,608 70 

Rate and amount of each semi-annual dividend for the year ) 2£ per cent., J 37,623 34 

ending Oct. 31, 1887, J 2^ per cent., 1 39,032 33 

Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 5,481 $364,097 97 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 209 131,647 10 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 4,123 302,682 12 

Number of accounts opened during the year ending Oct. 31, 1887, 1,246 
Number of accounts closed during the year ending Oct 31, 1887, . 773 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,524 51 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: September 1. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$5,384 74 
16,300 00 
30,000 00 


2^ per cent. 
4 " 
4| 


$411,950 00 
101,500 00 
854,610 00 


5 per cent. 
5h " 
6 


$13,030 00 
25,850 00 


6£ per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$41,587 07 

51,118 05 

117,796 90 

353,781 78 

527,963 13 

633,-524 42 

757,449 59 

14,602 14 

35,999 97 

71,538 46 



90 BANK COMMISSIONERS' REPORT. [Jan. 

Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Markei Value. 


Amount Invested. 


United States currency 6s, . ' . 


$50,000 


$63,900 00 


$50,000 00 


Town of Brookline, Mass., 7s, 


5,000 


6,250 00 


5,000 00 


City of Charlestown, Mass., 6s, 


12,000 


13,200 00 


12,000 00 


of Cambridge, Mass., 6s, . 


10,000 


11,000 00 


10,000 00 


of Cleveland, Ohio, 7s, . 


25,000 


30,000 00 


25,000 00 


of Fall River, Mass., 6s, . 


8,000 


8,800 00 


8,000 00 


of Gloucester, Mass., 6s, . 


400 


400 00 


400 00 


of Grand Rapids, Mich., 8s, 


10,000 


11,500 00 


10,000 00 


of Lowell, Mass., 6s, 


15,000 


16,500 00 


15,000 00 


of Lawrence, Mass., 6s, . 


5,000 


5,500 00 


5,000 00 


of Northampton, Mass., 6s, 


5,000 


5,500 00 


5,000 00 


of Salem, Mass., 6s, 


1,000 


1,100 00 


1,000 00 




$146,400 


$173,650 00 


$146,400 00 



Schedule B — Detailed Statement of Bank Stocks. 



. >-> 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


100 

100 

112 

90 

50 

100 

100 

30 

50 

100 

50 

50 

70 

100 

50 

100 

100 

50 

166 

50 

50 

100 

50 

50 

100 

100 

57 

50 


Atlantic Natl Bank, Boston, . 
Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston, 
Central Natl Bank, Boston, . 
Natl City Bank, Boston, . 
Nl Bank of Commerce, Boston, 
Natl Eagle Bank, Boston, 
Everett Natl Bank, Boston, . 
Natl Exchange Bank, Boston, 
Freeman's Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
Howard Natl Bank, Boston, . 
Merchants 1 Natl Bank, Boston, 
New England Nl B'k, Boston, 
North Natl Bank, Boston, 
Nl B'k of No. America, Boston, 
Old Boston Natl Bank, Boston, 
Nl B'k of Redemption, Boston, 
Nl B'k of the Republic, Boston, 
Second Natl Bank, Boston, 
Shawmut Natl Bank, Boston, 
State Natl Bank, Boston, 
Tremont Natl Bank, Boston, . 
City Natl Bank, Gloucester, . 
Cape Ann Nl B'k, Gloucester, 
Rockport Nl Bank, Rockport, 
Gloucester Nl B'k, Gloucester, 


$10,000 

10,000 

11,200 

9,000 

5,000 

10,000 

10,000 

3,000 

5,000 

10,000 

5,000 

5,000 

7,000 

10,000 

5,000. 

10,000 

10,000 

2,500 

16,600 

5,000 

5,000 

10,000 

5,000 

5,000 

10,000 

10,000 

5,700 

5,000 


$13,200 00 

11,800 00 

12,096 00 

11,340 00 

5,700 00 

12,400 00 

10,200 00 

2,880 00 

6,250 00 

9,000 00 

4,500 00 

6,050 00 

7,770 00 

13,700 00 

7,500 00 

13,200 00 

10,200 30 

2,800 00 

20,584 00 

6,800 00 

7,500 00 

12,300 00 

5,800 00 

5,000 00 

14,000 00 

14,000 00 

7,980 00 

6,750 00 


$10,000 00 

10,000 00 

11,200 00 

7,200 00 

5,000 00 

10,000 00 

10,000 00 

3,000 00 

5,000 00 

9,000 00 

4,500 00 

5,000 00 

7,000 00 

10,000 00 

5,000 00 

10,000 00 

10,000 00 

2,500 00 

16,600 00 

5,000 00 

5,000 00 

10,000 00 

5,000 00 

5,000 00 

10,000 00 

10,000 00 

5,700 00 

5,000 00 




$215,000 


$261,300 00 


$211,700 00 



1888.] 



PUBLIC DOCUMENT — No. 8 

Railroad Bonds. 



91 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... . 
Maine Central R.R. 7s, . 


$42,500 
14,000 


$49,815 00 
17,080 00 


$31,875 00* 
14,000 00 




$56,500 


$66,895 00 


$45,875 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 14, 1887. 
Personally appeared George J. Marsh, Treasurer of the Cape Ann Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Daniel T. Babson, Justice of the Peace. 

Essex, ss., Nov. 14, 1887. 
Personally appeared Addison Gilbert, S. Cunningham, John Corliss, John J. Pew, 
and Henry Center, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer ; and that they believe said statement to be true. 

Before me, Daniel T. Babson, Justice of the Peace. 

* This was a legal investment when made. 






92 



BANK COMMISSIONERS' REPORT. [Jan. 



CAPE COD FIVE CENTS SAVINGS BANK — HARWICH. 

Incorporated 1855. Number of corporators, 81. 

Edward E. Crowell, President. Augustus 0. Snow, 2d, Treasurer. 

Augustus C. Snow, 2d, Clerk. 

Names of committee charged with the investment of its funds : 
Edward E. Crowell, Alexander T. Newoomb, 
Levi Eldridge, Godfrey Hopkins. 

Luther FisK, 

Open for business every business day, 9 a.m. to 1 p.m. 
Statement. 



Assets. 


Liabilities. 


Loan on public funds, 


$5,000 00 


Deposits, . 


§387,478 49 


Bank stock as per Schedule, 


59,454 75 


Earnings undivided, 


2,370 90 


Loans on bank stock, . 


600 00 


Guaranty fund, 


7,683 09 


Railroad bonds, .... 


59,096 00 






Real estate (for banking pur- 








poses), 


1,000 00 






Real estate by foreclosure, . 


325 00 






Loans on real estate, . 


132,964 20 ' 






Loans on personal security, 


125,890 77 






Loans to counties, cities or towns 








(notes), 


2,025 00 






Deposit in bank, on interest, 


4,500 00 






Real estate to secure indebtedness, 


6,525 12 ! 






Cash on band, .... 


151 64 








$397,532 48 


$397,532 48 



Loan on Public Funds : — 

On $5,000 City of Lynn, Mass., bonds, $5,000 00 

Loans on Bank Stock, amount on each : — 

On 3 shares Cape Cod National Bank, Harwich, $200 00 

On 5 shares Cape Cod National Bank, Harwich, 300 00 

On 1 share Cape Cod National Bank, Harwich, 100 00 

Invested in real estate (for banking purposes), $1,000 00 

Estimated value of the same, 1,000 00 

Assessed value of the same, 1,200 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 6,850 12 

Assessed value of the same 10,200 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 324 

Aggregate amount of the same, $126,277 97 

Amount of investments from which no income is received, .... 6,850 12 



1888.] 



PUBLIC DOCUMENT — No. 8. 



93 



Cash on Deposit in Bank : — 
Cape Cod National Bank, Harwich, $4,500 00 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $20,180 27 

Rate and amount of each semi-annual dividend for the year } 2 per cent., f 6,573 32 

ending Oct. 31, 1887, . . j 2 per cent., 1 7,072 45 

Times for the dividends fixed by the by-laws : second Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,138 $100,244 15 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 90 42,804 81 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 729 64,225 32 

Number of accounts opened during the year ending Oct. 31, 1887, . 372 
Number of accounts closed during the year ending Oct. 31, 1887, . 282 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,671 36 

Amount of treasurer's bond, 5,000 00 

Amount of assistant treasurer's bond, 5,000 00 

Date of examination by commissioner : September 9. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$4,500 00 
10,000 00 
10,000 00 
41,949 65 


2£ per cent. 

4 

4J " 

5 " 


$2,000 00 
36,200 00 
89,584 17 


b\ per cent. 

KJL " 

u 2 

6 


$200 00 

4,611 77 

71,934 38 


6| per cent. 
64 " 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$12,119 61 
14,996 25 
47,276 24 

122,252 45 

123.383 54 
67,450" 40 

179.384 08 
4,537 02 
4,247 09 

14,040^81 



94 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Detailed Statement of Bank Stocks. 



No. of 

Shares. 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


57 
42 
27 
40 
7 
25 
31 
16 
13 

15 
30 
30 
26 
43 
48 
24 
20 
10 


Cape Cod N'l Bank, Harwich, 
First Xat'l Bank, Yarmouth, . 
Blackstone Xat'l Bank, Boston, 
Everett Xat'l Bank, Boston, . 
Faneuil Hall XI Bank, Boston, 
Fourth Xat'l Bank, Boston, 
X'l B'k of Commerce, Boston, 
X'l B'k of X. America, Boston, 
Xat'l Bank of the Common- 
wealth, Boston, . 
X'l B'k of the Republic, Boston, 
X'l Hide & Leather B'k, Boston, 
Xat'l Revere Bank, Boston, 
Xat'l Exchange Bank, Boston, 
Shawm ut Xat'l Bank, Boston, 
State Xat'l Bank, Boston, 
Suffolk Xat'l Bank, Boston, . 
Tremont Xat'l Bank, Boston, . 
Xat'l Webster Bank, Boston, . 


$5,700 
4,200 
2,700 
4,000 
700 
2,500 
3.100 
1,600 

1,300 
1,500 
3,000 
3,000 
2,600 
4,300 
4,800 
2.400 
2,000 
1,000 


$7,809 00 
5,712 00 
2,862 00 
3,880 00 
973 00 
2,825 00 
3,782 00 
1,680 00 

1,781 00 
2,100 00 
3.420 00 
3,750 00 
3,276 00 
5,375 00 
5.568 00 
2,736 00 
2.000 00 
1.030 00 


$7,866 00 
5,523 00 
2,916 00 
3,800 00 
931 00 
2,756 25 
3,674 50 
1,616 00 

1.521 00 
1,980 00 
3,450 00 
3,630 00 
3,029 00 
5,031 00 
5,676 00 
2,730 00 
2,275 00 
1,050 00 




$50,400 §60,559 00 


$59,454 75 



Railroad Bonds. 





Tar Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R.R. 7s, . 


$16,000 


$18,720 00 


$18,636 00 


Old Colony R.R. 6s 


5.000 


5.800 00 


5,697 00 


Boston & Maine R.R. 7s, . 


10.000 


11.650 00 


11,821 00 


Fitchburg R.R. 5s 


5.000 


5,200 00 


5,469 00 


Vermont & Massachusetts R.R. 5s, . 


10,000 


11.150 00 


10,955 00 


Boston & Lowell R.R. 5s, 


5,000 


5,450 00 


5,388 00 


Boston & Lowell R.R. 6s, 


1,000 


1.145 00 


1,130 00 




$52,000 


$59,115 00 


$59,096 00 



Commonwealth of Massachusetts. 

Barnstable, ss. Harwich, Nov. 11, 1887. 

Personally appeared Augustus C. Snow, 2d, Treasurer of the Cape Cod Five Cents 
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a 
true and correct statement of all the resources and liabilities of said institution, and 
that the answers made by him to the foregoing interrogatories contain the whole truth 
in reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Alphonso L. \Veekes, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



95 



Commonwealth of Massachusetts. 

Barnstable, ss., Nov. 11, 1887. 
Personally appeared Edwd. E. Crowell, Luther Fisk, Godfrey Hopkins, Alexander T. 
Newcomb and Levi Eldrldge, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Alphonso L. Weekes, Justice of the Peace. 









96 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CENTRAL SAVINGS BANK — LOWELL. 

Incorporated March 3, 1871. Number of corporators, 87. 

Oliver H. Moulton, President. Samuel A. Chase, Treasurer. 

Samuel A. Chase, Clerk. 

Names of committee charged with the investment of its funds : 
Daniel Swan, Arthur G. Pollard, 

John S. Jaques, Amasa Pratt, 

Henry C. Church, Samuel A. Chase. 

Open for business every business day, 9 a.m. to 1 p.m., and Saturdays, 7 to 9 p.m. 



Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, 
Loan on bank stock, . 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, 
Cash on hand, 



$7,000 00 

229,800 00 

300 00 

36,050 00 

1,086,675 00 

366.418 00 

54,775 55 

2,016 46 



$1,783,035 01 



Liabilities. 



Deposits, . 
Earnings undivided. 
Guaranty fund, 



L,679.605 57 
65,4'29 44 
38,000 00 



$1,783,035 01 



Loan on Bank Stock : — 
On 3 shares Railroad National Bank, Lowell, . . . . . . $300 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $36,050 00 

Assessed value of the same, 38,275 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,988 69 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 267 

Aggregate amount of the same, . . . ■ 396,118 00 

Cash on Deposit in Banks, amount in each : — 

Appleton National Bank, Lowell, $20,000 00 

Merchants' National Bank, Lowell, 19,775 55 

Old Lowell National Bank, Lowell, 5,000 00 

Prescott National Bank, Lowell, 10,000 00 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 $83,511 29 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 28,69S 20 
ending Oct. 31, 1887 i 2 per cent., 1 30,316 11 

Times for the dividends fixed by the by-laws : first Saturday in May and 
November. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



97 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 5,898 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 325 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 3,366 

Number of accounts opened during the year ending Oct. 31, 1887, 1,178 
Number of accounts closed during the year ending Oct. 31, 1887, . 784 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : August 24. 



$427,555 20 
185,303 00 
341,891 66 



5,615 05 
20,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$19,775 55 

5,000 00 

47,000 00 

70,000 00 


2 per cent. 
4 


$143,400 00 

53,600 00 

858,227 00 


4£ per cent. 

4| 

5 


$117,993 00 

192,673 00 

500 00 


5£ per cent. 

6 

7 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $51 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$22,726 84 

34,884 26 

91,553 17 

298,076 65 

486,254 27 

746,110 38 

702,282 40 

14,826 26 

33,542 36 

242,977 38 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Haverhill, Mass., 6s, . 
Town of Methuen, Mass., 6s, . 


$4,000 
3,000 


$4,160 00 
3,060 00 


$4,000 00 
3,000 00 




$7,000 


$7,220 00 


$7,000 00 



98 



BANK COMMISSIONEKS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



tf-H CO 

O o> 






Estimated 




© K 




Par Value. 




Amount Invested. 


* m 






Market Value. 




100 


Atlantic Nat'l Bank, Boston, . 


^10,000 


$13,400 00 


$14,000 00 


100 


Blackstone Natl Bank, Boston, 


10,000 


10,900 00 


12,500 00 


50 


Boston Nat'l Bank, Boston, 


5.000 


6,000 00 


6,000 00 


200 


Central Nat'l Bank, Boston, . 


20,000 


26,000 00 


35,000 00 


100 


Eliot Nat'l Bank, Boston, 


10,000 


12,900 00 


11,500 00 


13 


Hamilton Nat'l Bank, Boston, . 


1,300 


1,651 00 


1,400 00 


50 


Market Nat'l Bank, Boston, . 


5,000 


4,500 00 


5,500 00 


10 


Maverick Nat'l Bank, Boston, . 


1,000 


2,250 00 


1,200 00 


50 


Merchants' Nat'l Bank, Boston, 


5,000 


7,050 00 


6,700 00 


30 


Metropolitan N'l Bank, Boston, 


3,000 


3,450 00 


3,100 00 


100 


Nat'l City Bank, Boston, . 


10,000 


10,800 00 


12,000 00 


100 


N'l B'k of Commerce, Boston, 


10,000 


12,200 00 


10,000 00 


50 


N'l Hide & Leather B'k, Boston, 


5,000 


5,650 00 


5,400 00 


60 


N'l B'k of Redemption, Boston, 


6,000 


7,020 00 


8,000 00 


27 


N'l B'k of the Republic, Boston, 


2.700 


3,726 00 


3,400 00 


30 


Nat'l Webster Bank, Boston, . 


3,000 


3,090 00 


3,000 00 


70 


Second Nat'l Bank, Boston, 


7,000 


10,500 00 


10,000 00 


63 


Shawmut Nat'l B'k, Boston, . 


6,300 


8,875 00 


8,000 00 


50 


Shoe & Leather N'l B'k, Boston, 


5,000 


5,000 00 


5,800 00 


50 


Suffolk Nat'l Bank, Boston, 


5,000 


5,750 00 


6,100 00 


100 


Appleton Nat'l Bank, Lowell, . 


10,000 


20,000 00 


16,900 00 


30 


First Nat'l Bank, Lowell, 


3,000 


4,800 00 


4,200 00 


150 


Merchants' N'l Bank, Lowell, . 


15,000 


21,750 00 


18,300 00 


52 


Old Lowell Nat'l Bank, Lowell, 


5,200 


6,500 00 


6,700 00 


10 


Prescott Nat'l Bank, Lowell, . 


1,000 


1,550 00 


1,000 00 


12 


Railroad Nat'l Bank, Lowell, . 


1,200 


1,560 00 


1,200 00 


50 


Wamesit Nat'l Bank, Lowell, . 


5,000 


6,900 00 


6,900 00 


50 


Georgetown N'l B'k, Georget'n, 


5,000 


6,000 00 


6,000 00 




$175,700 


$229,772 00 


$229,800 00 



Commonwealth op Massachusetts. 

Middlesex, ss., Dec. 9, 1887. 
Personally appeared Samuel A. Chase, Treasurer of the Central Savings Bank, and 
made., oath that tbe foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Louis H. Kileski, Justice of the Peace. 

Middlesex, ss., Dec. 9, 1887. 
Personally appeared Ephraim Brown, Amasa Pratt, George L. Huntoon, George F. 
Scribner and Erastus Boyden, being live or more of tue trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; that 
the books and records of said institution indicate the state of affairs as above'attcsted 
by their treasurer ; and that they believe said statement to be true. 

Before me, Louis II. Kileski, Justice of the Peace. 

Middlesex, ss., Dec. 13, 1887. 
Personally appeared Oliver II. Moulton, President of the Central Savings Bank, and 
made oath that he had made an examination of the affairs of the bank; that the books 
and records of said institution indicate the state of affairs as above attested by the 
treasurer; and that he believes said statement to be true. 

Before me, J. J. Judkins, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



99 



CHARLESTOWN FIVE CENTS SAVINGS BANK— BOSTON. 

Incorporated 1854. Number of corporators, 50. 

P. J. Stone, President. Amos Stone, Treasurer. 

Benj. F. Stacet, Clerk. 

Names of committee charged with the investment of its funds : 

P. J. Stone, P. S. Briggs, 

Geo. S. Pendergast, Peter S. Roberts. 

Amos Brown, 

Open for business every business day, 9 a.m. to 2 p.m. Wednesdays and 
Saturdays, 3 to 5 p.m. 

Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 
Loans on bank stock, . 
Railroad oonds, .... 
Real estate (for banking pur- 
poses), 

Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 
Cash on hand, .... 


$686,000 00 

2,100 00 

108,000 00 

70,000 00 

134,500 00 

1,371,430 00 

1,176,5-50 00 

37,354 69 

2,637 81 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


* $3,414,529 89 

42 012 61 

132,000 00 




$3,588,572 50 


$3,588,572 50 



Loans on Bank Stock, amount on each : — 

On 5 shares Monument National Bank, Boston, 
On 10 shares Monument National Bank, Boston, 
On 10 shares National Eagle Bank, Boston, . 



Invested in real estate (for banking purposes), 

Estimated value of the same, . 

Assessed value of the same, .... 

Net income received from same during year ending Oct. 31, 1887, 

Value (by books) of other real estate, held by foreclosure or otherwise, 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 397 

Aggregate amount of the same, 

Amount of investments from which no income is received, . 

Cash on Deposit in Banks, amount in each : — ■ 

Monument National Bank, Boston, 

Maverick National Bank, Boston, 



$500 00 

1,000 00 

600 00 

$70,000 00 

80,700 00 

80,700 00 

5,714 10 

134,500 00 

155,300 00 

6,697 21 



629,530 00 
6,500 00 



$31,576 49 
5,778 20 



* The large increase in this item is caused in part hy omitting to credit to deposits the dividend 
of October, 18S6, before the return of that year was made up. 



100 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 8199,839 09 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 63.785 30 

ending Oct. 31, 1887, J 2£ per cent., 1 80,550 27 

Times for the dividends fixed by the by-laws : third Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1SS7, 10,344 8613,284 46 

Number and amount of deposits of and exceeding 8300 at any one 

time during the year ending Oct. 31, 1887, 409 300,193 50 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 5,854 679,055 43 

Number of accounts opened during the year ending Oct. 31, 1887, 1,615 
Number of accounts closed during the year ending Oct. 31, 1887, 1,244 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 6,867 45 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner: September 23. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


837,354 69 
150,700 00 
245.000 00 
970,950 00 


2h per cent. 
4| " 
4 a « 

5 


820,000 00 
587,980 00 
396,000 00 


5j per cent. 
6 


8 So, 000 00 
38,600 00 
55,850 00 


6i per cent. 

7 



Classification of Dejiositors' Accounts. 



Xumber. Amount. 



Whole number, 

Of 850 or less, . . . 

Exceeding 850 and not more than 8100, 
Exceeding 8100 and not more than 8200, 
Exceeding 8200 and not more than 8500, 
Exceeding 8500 and less than 81,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, . ... 
To the credit of religious and charitable associations, 
In trust, 



9,223 

3,525 

769 

825 

1,213 

1,376 

1.515 

4,693 

47 

63 

893 



868,926 89 

59,376 30 

113,679 53 

396,494 99 

976,953 39 

1,799,112 78 

1,432,848 21 

24,650 73 

56,943 50 

551,820 29 



Detailed Statement of Bank Stocks. 



O w 

c «s 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


308 


Atlas Xat'l Bank. Boston. 


$30,800 


$35,728 00 


$30,800 00 


110 


Blackstone Xat'l Hank. Boston, 


11,000 


11. S.s.l (Ml 


11,000 00 


07 


Blue Hill Xafl Bank, Milton, . 


6,700 


6,834 00 


6,700 00 


1 \r> 


BoylstOD Xat'l Bank, Boston, . 


1 i .:»< N ) 


18.850 00 


14,500 00 


250 


Bunker Hill X 1 ! Bank, Boston, 


25,000 


45,500 00 


25,000 00 



1888.] PUBLIC DOCUMENT — No. 8. 

Detailed Statement of Bank Stocks — Concluded. 



101 



fe 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



175 

50 
2G3 
500 
300 

20 
150 
159 
370 
304 
250 

86 

27 
132 
189 
134 

70 
140 

99 
200 
342 
267 

22 
437 

185 
176 

220 
24 
40 

217 
66 

150 
96 
75 
75 



Nat'l City Bank, Boston, . 
Columbian Nat'l Bank, Boston, 
N'l Bank of Commerce, Boston, 
Continental N'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
First Nat'l Bank, Boston, 
First Ward N'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
N'l Hide & Leather B'k, Boston 
Howard Nat'l Bank, Boston, 
Manufacturers' N'l B'k, Boston 
Market Nat'l Bank, Boston, 
Nat'l Market Bank, Brighton, 
Maverick N'l Bank, Boston, 
Merchandise N'l B'k, Boston, 
Metropolitan N'l B'k, Boston, 
Monument N'l Bank, Boston, 
North Nat'l Bank, Boston, 
N'l B'k of No. America, Boston 
N'l B'k of Redemption, Boston, 
N'l B'k of the Republic, Boston 
Nat'l Revere Bank, Boston, 
Shawm ut Nat'l Bank, Boston, 
Shoe and Leather Nat'l Bank 

Boston, .... 
Suffolk Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Webster Bank, Boston, 
Andover Nat'l Bank, Andover 
Conway Nat'l Bank, Conway, 
First Nat'l Bank, Lynn, . 
Franklin Co. N'l B'k, Greenfield 
Home Nat'l Bank, Brockton, 
Newton Nat'l Bank, Newton, 
Railroad Nat'l Bank, Lowell, 
Wachusett N'l B'k, Fitchburg, 



$17,500 

5,000 
26,300 
50,000 
30,000 

2,000 
15,000 
15,900 
37,000 
30,400 
25,000 

8,600 

2,700 
13,200 
18,900 
13,400 

7,000 
14,000 

9,900 
20,000 
34,200 
26,700 

2,200 

43,700 

18,500 

17,600 

22,000 

2,400 

4,000 

21,700 

6,600 

15,000 

9,600 

7,500 

7,500 



$18,725 00 
• 6,300 00 
32,086 00 
59,000 00 
38,400 00 
4,420 00 
19,500 00 

14.469 00 
42,180 00 
32,528 00 
23,500 00 

7,826 00 

3,834 00 

29,300 00 

18,900 00 

15,142 00 

15.470 00 
18,340 00 
10,296 00 
25,400 00 
47,880 00 
33,108 00 

2,750 00 

44,137 00 

21,090 00 

17,600 00 

22,440 00 

3,000 00 

4,400 00 

27,125 00 

6,600 00 

17,250 00 

9,792 00 

9,375 00 

15,000 00 



$17,500 00 

5,000 00 

26,300 00 

50,000 00 

30,000 00 

2,000 00 

14,800 00 

15,300 00 

37,000 00 

30,400 00 

24,200 00 

8,600 00 

2,700 00 

12,900 00 

18,500 00 

13,400 00 

7,000 00 

14,000 00 

9,900 00 

20,000 00 

34,200 00 

26,700 00 

2,200 00 



43,300 00 

18,500 00 

17,600 

22,000 
2,400 
4,000 

21,700 
6,600 00 

15,000 00 
9,300 00 
7,500 00 
7,500 00 



00 
00 
00 
00 
00 



$689,000 



$835,955 00 



$686,000 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Lowell R.R. 5s, 
Boston & Lowell R.R. 4s, 


$25,000 
83,000 


$26,500 00 
83,000 00 


$25,000 00 
83,000 00 




$108,000 


$109,500 00 $108,000 00 



102 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth op Massachusetts. 

Suffolk, ss., Nov. 17, 1887. 
Personally appeared Amos Stone, Treasurer of the Charlestown Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Geo. H. Pendergast, Justice of the Peace. 

Suffolk, ss., Nov. 17, 1887. 
Personally appeared P. J. Stone, Amos Brown, P. S. Briggs, E. B. Stetson, Abram E. 
Cutter and Benj. F. Stacey, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Geo. H. Pendergast, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



103 



CHELSEA SAVINGS BANK — CHELSEA. 

Incorporated 1854. Number of corporators, 166. 



Otis Hinman, President. 



Albert A. Fickbtt, Treasurer. 



Elizabeth A. Fellows, Clerk. 

Names of committee charged with the investment of its funds : 
Otis Hinman, Eben Hutchinson, 

Alonzo C. Tenney, John T. Hadaway. 

Horatio B. Hersey, 

Open for business every business day, 8 a.m. to 1 p.m., and Saturdays, 4 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$375,818 75 


Deposits, . 


$1,970,890 49 


Bank stock as per Schedule B, . 


103,264 42 


Earnings undivided, 


21,086 38 


Loans on bank stock, 


17,500 00 


Guaranty fund, 


52,536 38 


Railroad bonds, .... 


10,000 00 






Real estate by foreclosure, 


4,452 76 






Loans on real estate, . 


1,171,568 48 






Loans on personal security, 


251,977 21 






Loans to counties, cities or towns 








(notes), 


53,000 00 






Deposits in banks, on interest, . 


51,971 05 






Expense account, 


2,512 84 






Cash on hand, .... 


2,447 74 








$2,044,513 25 


$2,044,513 25 



Loans on Bank Stock, amount on each : — 

On 100 shares First National Bank, Chelsea, $7,500 00 

On 69 shares North National Bank, Boston, J M000~00 

On 47 shares Shawinut National Bank, Boston, ) 

Value (by books) of real estate, held by foreclosure or otherwise, . . $4,452^76 

Assessed value of the same, 10,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 345 49 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 384 

Aggregate amount of the same, 509,700 18 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Chelsea, $26,092 00 

Hamilton National Bank, Boston, 25,879 05 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $97,198 28 

Rate and amount of each semi-annual dividend for the year I 2 per cent., f 35,305 72 

ending Oct. 31, 1887, J 2 per cent.,' i 35,874 48 

Times for the dividends fixed by the by-laws : second Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 14,601 $549,876 56 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 332 159,929 07 



104 



BAXK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 7,660 §521,257 39 

Number of accounts opened during the year ending Oct. 31, 1887, 1,737 
Number of accounts closed during the year ending Oct. 31, 1887, 1,151 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 6,205 58 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : May 19. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Rate. 


$51,971 05 
45,977 21 
50,000 00 


2^ per cent. 

4 

4.1 u 

*4 


S69,000 00 

50,000 00 

669,650 00 


4^ per cent, j 

4| 

5 


825,000 00 
121,550 00 
462,868 48 


5j per cent. 
6 



Classification of Depositors' 1 Accounts. 



"Whole number, 

Of 850 or less, 

Exceeding 850 and not more than $100, 
Exceeding 8100 and not more than S200, 
Exceeding 8200 and not more than 8500, 
Exceeding 8500 and less than $1,000, . 

Of 81,000 or more 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



§18,192 89 

58,926 98 

148,394 30 

409,198 43 

568,463 19 

767,714 70 

837,628 26 

9,695 00 

27,637 82 

239,679 53 



Schedule A — Detailed Statement of Bublic Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



State of Maine 6s, . 
State of Xew Hampshire 6s, 
City of Chelsea, Mass., 6s, 
of Boston, Mass., 6s, 
of Charlestown. Mass., 6s, 
of Fitchburg. Mass., 6s, 
of Worcester, Mass., 6s, 
of AVorcester, Mass., lis, 
of Lynn. Mass.. 6s, . 
of Cambridge, Mass., 6s, 
of Lowell, Mass., 6s, 
of Lowell, Mass., ; 3, 
of Fall River, .Ma--.. 6s, 
of Lawrence, Mass., 6s, 
of Taunton. Mass.. lis, 
of Lewiston, Me.. 5s, 



§43,100 

9.200 
12.000 
44.000 
10,000 

2,000 

1,000 
20,000 

6,000 
16,000 

4,000 
34..".' H I 

5,000 
36,000 

2,000 
16,000 



814,824 


00 i 


11.194 


00 j 


13,603 


75 


52,906 


25 


1< 1,570 


00 


2.210 00 


1,082 


0" 


21,600 00 


6,885 


on 


17,680 


00 


4,230 


00 


34,500 


00 


6,255 


00 


44,372 


50 


2,310 


00 


16,520 


00 



843,100 00 

9,200 00 
12.000 00 
ll.iiOO 00 
10,000 00 

2.000 00 

1.000 00 
2o.( i00 00 

6,000 00 
16,000 00 

4.000 00 
34,500 00 

5,000 00 
36,000 00 

2,000 00 
16,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule A — Concluded. 



105 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Providence, R. L, 4|s, . 

of Hartford, Ct., 6s, 

of Keene, N. H., 4s, 

Town of Woburn, Mass., 6s, . 

of Winthrop, Mass., 5s, 

of Everett, Mass., 6s, . 

of Provincetown, Mass., 5s, . 

of Brookline, Mass., 5s, 

of Danvers. Mass., 5s, . 

of Wallingford, Ct., 4s, 

of Norwalk, Ct., 4s, 


$15,000 
1,000 

20,000 
5,000 

11,000 
1,000 
1,000 
5,000 
2,000 

17,000 

31,000 


$16,012 50 
1,100 00 

20,000 00 
5,500 00 

12,430 00 
1,087 50 
1,002 50 
5,562 50 
2,290 00 

17,000 00 

31,000 00 


$15,000 00 
1,000 00 

20,000 00 
5,000 00 

11,000 00 
1,000 00 
1,000 00 
5,000 00 
2,000 00 

17,000 00 

31,000 00 


Add Premium Account, . 


$369,800 


$403,728 00 


$369,800 00 
6,018 75 




$375,818 75 



Schedule B — Detailed Statement of Bank Stocks. 



O <P 
. >- 
o <& 

* 3 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


15 

36 
27 
40 

7 
14 

5 
25 
84 
25 

7 
43 
18 

5 
20 

6 
25 
100 
38 
38 
50 
63 
100 
20 

5 


North Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Massachusetts N'l B'k, Boston, 
Continental N'l Bank, Boston, 
N'l Bank of Commerce, Boston, 
Nat'l Exchange Bank, Boston, 
N'l B'k of N. America, Boston, 
Boylston Nat'l Bank, Boston, . 
Atlas Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Nat'l City Bank, Boston, . 
Nat'l Eagle Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, . 
Nat'l Webster Bank, Boston, . 
N'l B'k of the Republic, Boston, 
Atlantic Nat'l Bank, Boston, . 
Everett Nat'l Bank, Boston, . 
Third Nat'l Bank, Boston, 
N'l B'k of Redemption, Boston, 
First Nat'l Bank, Chelsea, 
First N'l Bank, S. Weymouth, 
Nat'l Exchange Bank, Salem, 


$1,500 
3,600 
6,750 
4,000 

700 
1,400 

500 
2,500 
8,400 
2,500 

700 
4,300 
1,800 

500 
2,000 

600 
2,500 
10,000 
3,800 
3,800 
5,000 
6,300 
10,000 
2,000 

500 


$1,965 00 

3,879 00 

6,919 00 

4,780 00 

838 00 

1,773 00 

524 00 

3,256 00 

9,702 00 

2,906 00 

800 00 

4,569 00 

1,800 00 

626 00 

2,380 00 

550 00 

2,565 00 

14,000 00 

5,073 00 

3,686 00 

5,025 00 

8,017 00 

13,300 00 

2,500 00 

625 00 


$1,664 55 
3,811 50 
9,122 40 
4,845 70 

700 00 
1,763 05 

518 75 
2,776 50 
9,819 35 
2,934 00 

845 85 
4,956 15 
2,002 95 

602 50 
2,329 37 

646 50 
2,750 00 
13,137 50 
5,804 50 
4,422 25 
5,381 25 
8,410.50 
10,972 30 
2,420 50 

626 50 




$85,650 


$102,058 00 


$103,264 42 



106 



BANK COMMISSIONERS' REPORT. [Jan. 

Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Salem & Lowell R.R. 6s, 



$10,000 



$11,120 00 



$10,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 15, 1887- 
Personally appeared Albert A. Fickett, Treasurer of the Chelsea Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a .true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Chas. Lawtox, Justice of the Peace. 

Suffolk, ss., Nov. 16, 1887. 
Personally appeared Otis Hinman, H. B. Hersey, Alonzo C. Tenney, Win. R. Pear- 
main and Eben Hutchinson, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer ; and that they believe said statement to be true. 

Before me, Augustus A. Wilder, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8 



107 



CHICOPEE FALLS SAYINGS BANK — CHICOPEE FALLS. 

Incorporated 1875. Number of corporators, 41. 

Geo. S. Taylor, President. Henry J. Boyd, Treasurer. 

Henry J. Boyd, Clerk. 

Names of committee charged with the 'investment of its funds: 

N. R. Wood, A. W. Payn, 

H. Smith Newell, Geo. M. Morton. 

Open for business every business day, 7 to 11 a.m , 1 to 4 p.m., and 6 to 7 p.m. 

Statement. 



Assets. 




Liabilities. 


Bank stock as per Schedule, 
Loans on real estate. . 
Loans on personal security, 
Deposit in bank, on interest, 
Deposit in bank, not on interest, 
Expense account, 
Cash on hand, .... 


$28,386 00 

♦139,911 50 

27,043 S3 

2,500 00 

1,440 25 

8 80 

534 05 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


.$194,740 24 
2,501 92 
2,582 27 




$199,824 43 


$199,824 43 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 115 

Aggregate amount of the same, $140,690 33 

Amount of investments from which no income is received, .... 1,600 00 

Cash on Deposit in Bank : — 
Chicopee National Bank, Springfield, $3,940 25 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $8,714 78 

Rate and amount of each semi-annual dividend for the year \ 2 per cent., J 3,169 12 
ending Oct. 31, 1887, J 2 percent.,} 3,387 44 

Times for the dividends fixed by the by-laws: January 1 and July 1. 

Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct. 31, 1887, 1,386 $67,60185 

Number and amount of deposits of and exceeding $300 at any one time 
during the year ending Oct. 31, 1887, 35 24,83116 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 581 53,260 68 

Number of accounts opened during the year ending Oct. 31, 1887, . 220 

Number of accounts closed during the year ending Oct. 31, 1887, . 142 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 627 35 

Amount of treasurer's bond 10,000 00 

Date of examination by commissioner : January 18. 

* This bank has been notified that these loans exceed the legal limit. 



108 



BANK COMMISSIONED' REPOET. 



[Jan. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 



Rate. 



$2,500 00 



4 per cent. 



Amount. 



Eate. 



$166,955 33 



5 per cent. 



Amount. 



Eate. 



Classification of Depositors'' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than 81,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$4,207 60 

5,555 25 

15,091 69 

34,494 76 

57,025 58 

78,365 36 

69,038 59 

1,194 14 

5,838 88 

2,178 22 



Detailed Statement of Bank Stocks. 



© o 

O S3 




Estimated 
Far Value. 

Market Value. 


Amount Invested. 


10 
50 
27 
20 
40 
20 
16 

25 
10 


First Xati Bank, Chicopee, 
City Xati Bank, Springfield, . 
Palmer Xati Bank. Palmer, . 
Hartley Falls NT B% Holyoke, 
Chapin Xati Bank, Springfield, 
First Xati Bank. Springfield, . 
Franklin County Nat'l Bank, 
Greenfield, .... 
Chicopee N'l B'k, Springfield, 
First Xati Bank, Easthampton, 


$1,000 
5,000 
2,700 
2,000 
4,000 
2,000 

1,600 
2,500 
1,000 


$1,500 00 
6.600 00 
2,970 00 
3,410 00 
4,930 00 
3,300 00 

1,600 00 
4,000 00 
1,485 00 


$1,500 00 
5,000 00 
3,161 00 
3,410 00 
4,930 00 
3,300 00 

1,600 00 
4,000 00 
1,485 00 




$21,800 


$29,795 00 


$28,386 00 



Commonwealth of Massachusetts. 

Hampden, ss., Nov 25, 1887. 
Personally appeared Henry J. Boyd, Treasurer of the Chicopee Falls Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Thomas C. Pagk, Justice of the Peace. 



1888.] PUBLIC DOCUMENT — No. 8. 109 

Commonwealth of Massachusetts. 

Hampden, ss., Nov. 25, 1887. 
Personally appeared Geo. S. Taylor, H. Smith Newell, Adolphus R. Martin, 
¥m, R. Kentfield, Geo. W. Bray and Norris R. Wood, being five or more of the 
trustees of said corporation, and severally made oath that they have made an examina- 
tion of the affairs of the bank ; that the books and records of said institution indicate 
the state of affairs as above attested by their treasurer; and that they believe said state- 
ment to be true. Before me, Thomas C. Page, Justice of the Peace. 






110 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CHICOPEE SAVINGS BAXK — CHICOPEE. 

Incorporated 1845. Number of corporators, 57. 

John B. Wood, President. H. H. Harris, Treasurer. 

Geo. N. Wheelock, Clerk. 

Names of committee charged with the investment of its funds : 
John B. Wood, L. M. Ferry, 

J. A. Carter, A. F. Gaylord. 

Open for business every business day, 9 a.m to 3 p.m. 
Statement. 



Assets. 


» 
Liabilities. 


Bank stock as per Schedule, 
Loans on bank stock, 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 
Cash on hand, .... 


$32,250 00 1 
1,900 00 

46,000 00 
413,662 56 

82,415 00 

21,450 00 

39.616 37 

2,752 25 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$613,682 20 

3,363 98 

23,000 00 




$640,046 18 


$640,046 18 



Loans on Bank Stock, amount on each : — 

On 20 shares Third National Bank, Springfield, . $1,800 00 

On 2 shares First National Bank, Chicopee, 100 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 216 

Aggregate amount of the same, $202,216 95 

Cash on Deposit in Banks, amount in each : — 

Hampshire County National Bank, Northampton, $13,000 00 

Home National Bank, Holyoke 10,000 00 

City National Bank, Springfield, 14,000 00 

First National Bank, Chicopee, 2,616 37 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 $29,788 81 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 11,282 81 
ending Oct. 31, 1887, I 2 per cent., 1 11,432 57 

Times for the dividends fixed by the by-laws : January 1 and July 1. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,966 $121,758 60 



1888.] 



PUBLIC DOCUMENT — No. 8. 



Ill 



Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 74 $43,508 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887 1,164 116,440 27 

Number of accounts opened during the year ending Oct. 31, 1887, . 278 
Number of accounts closed during the year ending Oct. 31, 1887, . 186 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,571 11 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : October 10. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Rate. 


$2,616 37 
28,000 00 


1^ per cent. 
4 


$5,000 00 
88,000 00 


4^ per cent. 


$18,000 00 
417,427 56 


4| per cent. 

5 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, .... . . 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



1,683 

438 

182 

243 

334 

291 

195 

833 

5 

4 

76 



$8,467 67 

14,367 06 

32,614 21 

129,497 34 

193,439 72 

235.296 20 

272,282 76 

3,986 20 

2,480 46 

21,795 31 



Detailed Statement of Bank Stocks. 



'*- CO 

© o 






Estimated 




6 | 




Par Value. 




Amount Invested. 


fc 55 






Market Value. 




100 


First Natfl Bank, Chicopee, 


$10,000 


$14,000 00 


$10,000 00 


66 


Chapin NT Bank, Springfield, . 


6,600 


7,920 00 


6,600 00 


65 


City Natl Bank, Springfield, . 


6,500 


7.150 00 


7,450 00 


30 


Agawam NT Bank. Springfield, 


3,000 


3,000 00 


3,000 00 


30 


Palmer Natl Bank, Palmer, . 


3,000 


3.300 00 


3,000 00 


12 


Maverick Natl Bank, Boston, . 


1,200 


2,400 00 


1,200 00 


10 


N'l B'k of Redemption, Boston, 


1,000 


1,200 00 


1,000 00 




$31,300 


$38,970 00 


$32,250 00 



112 



BANK COMMISSIONERS' REPORT. [Jan. 



Railroad Bonds. 



• 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 6s, 
Boston & Albany R.R. 7s, 
Boston, Revere Beach & Lynn R.R. 6s, 
Boston and Lowell R.R. 4^s, . 
Boston, Wmthrop & Shore R.R. 5s, 
Fitchburg R.R. 4is, .... 


$10,000 
2,000 

10,000 
4,000 

15,000 
5,000 


$11,000 00 
2,200 00 

11,000 00 
4,000 00 

15,750 00 
5,1.00 00 


$10,000 00 
2,000 00 

10,000 00 
4,000 00 

15,000 00 
5,000 00 




$46,000 


$48,950 00 


$46,000 00 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 7, 1887. 
Personally appeared H. H. Harris, Treasurer of the Chicopee Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief. 

Before me, Lorantjs E. Hitchcock, Justice of the Peace. 

Hampden, ss., Nov. 7, 1887. 
Personally appeared J. A. Carter, Geo. M. Stearns, Emerson Gay lord, L. M. Ferry 
and A. F. Gaylord, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer ; and that they believe said statement to be true. 

•Before me, Loranvjs E. Hitchcock, Justice of the Peace. 



Hampden, ss., Nov. 18, 1887. 

Personally appeared John B. Wood, the President and one of the trustees of said 
corporation, and made oath that he had made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by the treasurer ; and that he believes said statement to be true. 

Before me, Lorantjs E. Hitchcock, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



113 



CITIZENS' SAVINGS BANK — FALL RIVER. 

Incorporated 1851. Number of corporators, 60. 

Joseph Healy, President. E. E. Hathaway, Treasurer. 

John C. Milne, Clerk. 

Names of committee charged with the investment of its funds : 
Weaver Osborn, Sam'l W. Hathaway, 

Lloyd S Earle, John C. Milne. 

Chas. P. Dring, 

Open for business every business day, 9 a.m. to 1 p.m. 
Statement. 



Assets. 


Liabilities. 


Rank stock as per Schedule, 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, not on interest, 
Expense account, 
Cash on hand 


$313,019 00 

45,281 06 

1,820,294 16 

834,615 01 

60,221 44* 

2,024 91 
33,156 34 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Suspense account, . 


$2,924,051 87 

100,080 69 

77.432 97 

7,046 39 




$3,108,611 92 


$3,108,611 92 



Value (by books) of real estate, held by foreclosure or otherwise, . . $45,281 06 

Assessed value of the same, 39,050 00 

Net income received from same during year ending Oct. 31, 1887, . . 2,119 70 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 505 

Aggregate amount of the same, . . . 698,647 24 

Cash on Deposit in Bank : — 
Pocasset National Bank, Fall River, $60,221 44 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $164,034 31 

Rate and amount of each semi-annual dividend for the year ) 2^ per cent., ( 60,231 21 

ending Oct. 31, 1887 . . . i 2^ per cent., 1 62,154 80 

Times for the dividends fixed by the by-laws : June and December. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,694 $518,73121 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 443 304,843 37 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 3,854 484,670 02 

Number of accounts opened during the year ending Oct. 31, 1887, 1,218 
Number of accounts closed during the year ending Oct. 31, 1887, . 941 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 8,3S4 83 

Amount of treasurer's bond 15,000 00 

Date of examination by commissioner: September 1. 



114 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$614,280 00 


5 per cent. 


$1,837,376 56 


5£ per cent. 


$203,252 61 


6 per cent. 



Classification of Depositors' 1 Account. 



Whole number, .... 
Of $50 or less, 

Exceeding $o0 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more. 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$19,264 76 
29,134 87 
84,429 46 

315,728 77 

676,071 37 

1,799.422 64 

1,307,«27 92 

29,615 86 

28,840 96 

663,785 68 



Detailed Statement of Bank Stocks. 



© 41 






Estimated 




o ^ 




Far Value. 






Amount Invested. 


* £ 






Market Value. 




250 


First Nat'l Bank, Boston, 


$25,000 


$55,437 


50 


$25,000 00 


180 


Second Nat'l Bank, Fall River, 


18,000 


24,300 


00 


18,000 00 


225 


N'l Hide & Leather B'k, Boston, 


22,500 


25,762 


50 


22,500 00 


75 


N'l Bank of Commerce, Boston, 


7,500 


9,150 


00 


7,500 00 


154 


Fall River N'l B'k, Fall River, 


15,400 


17,710 


00 


14,012 50 


800 


Pocasset Nat'l B'k, Fall River, 


80,000 


92,000 


00 


80,000 00 


54 


Maverick Nat'l Bank, Boston, 


5,400 


12,001 


50 


4,779 00 


140 


Howard Nat'l Bank, Boston, . 


14,000 


15,085 


00 


14,000 00 


93 


Eliot Nat'l Bank, Boston, 


9,300 


11,997 


00 


9,300 00 


287 


Metacomet N'l B'k. Fall River, 


28,700 


34,440 


00 


28,700 00 


281 


Nat'l Revere Bank, Boston, 


28,100 


35,125 


00 


28,100 00 


150 


Nat'l Union Bank, Fall River, 


15,000 


13,500 


00 


15,000 00 


50 


Merchants' Nat'l Bank, Boston, 


5,000 


7,000 


00 


5,000 00 


128 


N T, 1 B'k of Redemption, Boston, 


12,800 


1(5, 2X8 


00 


12,800 00 


13 


Railroad N'l Bank, Lowell, 


1,300 


1,690 


00 


1,127 50 


92 


Massasoit N'l B'k, Fall River, 


9,200 


15,180 


00 


9,200 00 


88 


Washington N'l Bank. Boston, 


8,800 


10,912 


00 


8,800 00 


25 


XI B'k of the Republic, Boston, 


2,5(K) 


3,500 


00 


2,500 00 


26 


State Nat'] Bank, Boston, 


2,600 


3,016 


00 


2,600 00 


25 


Suffolk Nat'l Bank, Boston, . 


2.50D 


2,862 


50 


2.500 00 


10 


Shawmul Natl Bank. Boston, 


1,000 


1,252 


50 


l.iiDO 00 


6 


Continental .VI Bank, Boston, 


600 


714 00 


600 00 




$315,200 


$408,923 


50 


$313,019 oo 



1888.] PUBLIC DOCUMENT— No. 8. 115 

Commonwealth of Massachusetts. 
Bristol, ss. Fall Etver, Nov. 17, 1887. 

Personally appeared E. E. Hathaway, Treasurer of the Citizens' Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, John T. Burrell, Justice of the Peace. 

Bristol, ss. Fall River, Nov. 17, 1887. 

Personally appeared W. G. B. Swift, F. L. Almy, Jas. W. Henry, H. B. Allen, H. H. 
Earl, J. E. Osborn and Jos. Healy, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, John T. Burrell, Justice of the Peace, 



116 



BANK COMMISSIONERS' REPORT. 



[Jan. 



CITY FIVE CENTS SAYINGS BAXK — HAVERHILL. 

Incorporated 1870. Number of corporators, 50. 

John B. Nichols, President. Geo. W. Notes, Treasurer. 

Geo. W. Noyes, Clerk. 

Names of committee charged with the investment of its funds : 

John B. Nichols, S. M. Currier, 

John E. Gale, Levi Taylor. 

C. W. Chase, 

Open for business every business day, 9 a.m to 12 m., and 2 to 3 p.m., except Saturday, 

when not open in afternoon. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$10,000 00 


' Deposits, . 


$859,909 56 


Loan on public funds, 


2,000 00 ; 


Earnings undivided, 


33,956 93 


Hank stock as per Schedule B, . 


41,75o 25 ! 


1 Guaranty fund, 


23,275 00 


Loans on bank stock,. 


3,175 00 ' 


Premium account, . 


22 50 


Railroad bonds, .... 


78,000 00 






lieal estate by foreclosure, 


26,047 43 : 






Loans on real estate, . 


428,598 90 1 






Loans on personal security, 


251,428 46 






Loans to counties, cities or towns 








(notes) 


28,500 00 i 






Deposits in banks, on interest, . 


45,673 67 ! 






Expense account, 


1,015 46 i 






Taxes 


969 82 1 








$917,163 99 : 


$917,163 99 



Loan on Public Funds : — 

On $2,000 United States 4s, $2,000 00 

Loans on Bank Stock, amount on each : — 

On 3 shares First National Bank, Haverhill $300 00 

On 2 shares First National Bank, Haverhill, 100 00 

On 25 shares Second National Bank, Haverhill, 2,375 00 

On 5 shares Second National Bank, Haverhill, 400 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $26,047 43 

Assessed value of the same, 18,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,029 97 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 164 

Aggregate amount of the same, 216,323 24 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Haverhill, $20,673 67 

Second National Bank, Haverhill, 5,000 00 

Merrimack National Bank, Haverhill, 20,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8 



117 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 

Rate and amount of each semi-annual dividend for the year \ 2£ per cent., 

ending Oct. 31, 1887, i 2 percent., 

Times for the dividends fixed by the by-laws : June 1 and December 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 18S7, . . ... . . 3,375 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, .173 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, ....... 2,028 

Number of accounts opened during the year ending Oct. 31, 1887, . 795 
Number of accounts closed during the year ending Oct. 31, 1887, . 489 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond 

Date of examination by commissioner : June 18. 



$47,353 60 
18,310 19 
15,516 71 



,760 45 
89,778 63 
146,436 38 



2,451 84 
15,000 00 



Total amount of Loans with each specified Rate of Interest, in* hiding 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. Rate. 


$20,673 67 
10,911 90 
19,500 00 


2^ per cent. 
4 


$40,000 00 

361,088 22 

83,057 00 


4| per cent. 

5 " 

'oh " 


$207,495 24 

15,150 00 

1,500 00 


6 per cent. 

7 
8 



Classification of Depositors 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $50u and less than $1,000, . 

Of $1,000 or more, 

To the credit of wumen, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$21,416 33 

23,554 81 

53,46S 68 

162,477 06 

279,363 84 

319,628 84 

398,871 58 

20,309 00 

14,756 52 

35,096 48 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



City of Lawrence 6s, 



$10,000 



Estimated 
Market Value. 



Amount Invested. 



$10,400 00 ; $10,000 00 



118 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 









Estimated 




O 08 




Par Value. 




Amount Invested. 


* J 






Market Value. 




194 


First Nat'l B'k, Haverhill, . 


$19,400 


$29,100 00 


$19,400 00 


9 


Haverhill X 1 l Bank, Haverhill, 


900 


1,440 00 


900 00 


5 


Merrimack N'l B'k, Haverhill, 


500 


800 00 


690 00 


74 


Continental JST'l Bank, Boston, 


7.400 


8,806 00 


9,247 75 


12 


Massachusetts N'l B'k, Boston, 


3,000 


3.075 00 


3,660 00 


9 


N'l B'k of Commerce, Boston, 


900 


1,098 00 


900 00 


25 


Merchants' Nat'l Bank, Boston, 


2,500 


3,500 00 


3,173 75 


30 


Tremont Nat'l Bank, Boston, . 


3,000 


3,000 00 


3,783 75 




$37,600 


$50,819 00 


$41,755 25 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Maine R.R. 
Old Colony R.R. 7s, . 
Old Colony R.R. 6s, . 
FitehburofR.K. 4s, . 



/s, 



$50,000 

13.000 

10.000 

5,000 



$78,000 



$57,000 00 

14,820 00 

11.150 00 

4.900 00 



$50,000 00 

13,000 00 

10,000 00 

5.000 00 



$87,870 00 $78,000 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 12, 1887. 
Personally appeared Geo. W. Noyes, Treasurer of the City Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 

Before me, E. G. Wood, Justice of the Peace. 

Essex, ss., Nov. 14, 1887. 
Personally appeared John B. Nichols, Sam'l M. Currier, C. W. Chase, Nathaniel 
H. Johnson and Sam'l W. Hopkinson, being five of the trustees of said corporation, 
and severally certify and make oath that they believe that the books and records of 
said institution indicate the state of affairs as above attested by their treasurer; and that 
they believe said statement to be true. 

Before me, E. G. Wood, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



119 



CITY INSTITUTION FOR SAVINGS — LOWELL. 

Incorporated 1837. Number of corporators, 49. 

Nathan Allen, President. F. A. Buttkick, Treasurer. 

F. A. Buttrick, Clerk. 

Names of committee charged with the investment of its funds : 
Nathan Allen, F. T Greenhalge, 

William Nichols, John F. Howe. 

Addison Putnam, 

Open for business every business day, 9 a.m. to 1 p.m., and Saturday, 7 to 9 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$244,100 00 


Deposits, . 


* $4,642,855 81 


Bank stock as per Schedule B, . 


683,119 75 


Earnings undivided, 


192,050 93 


Loans on bank stock, . 


31,181 00 


Guaranty fund, 


170,000 00 


Railroad bonds, .... 


349,500 00 






Real estate by foreclosure, 


17,000 00 






Loans on real estate, . 


2,1'J1,965 18 






Loans on personal security, 


1,361,494 38 






Loans to counties, cities or towns 








(notes), 


113,000 00 






Deposit in bank, on interest, 


4,406 19 






Deposit in bank, not on interest, 


5,877 50 






Expense account, 


2,665 49 






Cash on hand, .... 


597 25 








$5,004,906 74 


$5,004,906 74 



Loans on Bank Stock, amount on each : — 
On 110 shares Appleton National Bank, Lowell, 
On 18 shares First National Bank, Lowell, . 
On 15 shares Wamesit National Bank, Lowell, 
On 10 shares Everett National Bank, Boston, 
On 100 shares Appleton National Bank, Lowell, 
On 10 shares Prescott National Bank, Lowell, 
On 15 shares Pemberton National Bank, Lawrence, 
On 5 shares Third National Bank, Springfield, 
On 15 shares Wamesit National Bank, Lowell, . 
On 15 shares Brockton National Bank, Brockton, 
On 5 shares Brockton National Bank, Brockton, 
On 9 shares National Hide and Leather Bank, Boston, 

Value (by books) of real estate, held by foreclosure or otherwise 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 254 

Aggregate amount of the same, 

Amount of investments from which no income is received, . 



511,000 00 

1,000 00 

1,500 00 

681 00 



J- 13,000 00 



3,000 00 

1,000 00 

$17,000 00 

36,500 00 

700 81 



342,663 94 
5,877 50 



* The overrun in this account as compared with the deposits Oct. 31, 1SS6, is owing to the 
extra dividend paid January, 1887. 



120 



BANK COMMISSIONERS' REPORT, 



[Jan . 



Cash on Deposit in Banks, amount in each : — 

Appleton National Bank, Lowell $4,406 19 

Lancaster National Bank, Clinton, . 5,877 50 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $267,713 08 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 82,866 92 
ending Oct. 31, 1887 . . . J 2 per cent., ( 86,483 59 

Times for the dividends fixed by the by-laws : second Saturday in Jan- 
uary and July. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend, 5 1-5. 

Date of the last extra dividend, Jan. 8, 1887.* 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 13,494 $874,258 69 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 621 338,277 07 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, . . • 12,954 855,182 33 

Number of accounts opened during the year ending Oct. 31, 1887, 2,304 

Number of accounts closed during the year ending Oct. 31, 1887, 1,620 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 10,246 10 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner : September 8. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 



Kate. 



$4,406 19 I 2£ per cent. 

17,250 00 i 4 
87,800 00 \\ 



Amount. 



Rate. 



$25,000 00 

2,673,119 13 

88,700 00 



4| per cent. 
5 " 
5£ " 



Amount. 



Kate. 



5755,771 43 
50,000 00 



6 per cent. 



Classification of Depositors' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$58,997 18 

89,611 88 

250,179 90 

811,320 70 

1,678,098 0L 

1,754,648 14 

2,318,243 21 

34,191 12 

64,660 78 

482,158 75 



* The amount of extra dividend was $108,058.55. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



121 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Hartford, Ct., 6s, 


$10,000 


$10,550 00 


$10,000 00 


of Haverhill, Mass., 5s, . 


6,000 


6,120 00 


5,100 00 


of Haverhill, Mass., 7s, . 


40,000 


46,637 50 


40,000 00 


of Lowell, Mass., 6s, 


3,000 


3,165 00 


3,000 00 


of Cleveland, Ohio, 4s, . 


52,000 


52,000 00 


52,000 00 


of East Saginaw, Mich., 5s, 


24,000 


24,660 00 


24,000 00* 


of Des Moines, Iowa, 4|s, - . 


90,000 


95,360 00 


90,000 00 


Town of Plymouth, Mass., 6s, 


20,000 


22,400 00 


20,000 00 




$245,000 


$260,892 50 


$244,100 00 



Schedule B — Detailed Statement of Bank Stocks. 



o ra 

56 5j 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



500 

80 

200 

25 

307 

210 

124 

39 

78 

138 

146 

100 

200 
64 
25 
31 

200 

100 

135 

100 

44 

60 

150 

250 

400 

400 

30 

50 

100 

110 



Appleton Natl Bank, Lowell 
Atlantic Natl Bank, Boston, 
Atlas Natl Bank, Boston, 
Bay State Nl Bank, Lawrence 
Blackstone Natl Bank, Boston 
Boston Natl Bank, Boston, 
Boylston Natl Bank, Boston, 
Bunker Hill Nl Bank, Boston 
Natl City Bank, Boston, . 
Columbian Natl Bank, Boston 
Continental Natl Bank, Boston 
Eliot Natl Bank, Boston, 
Everett Natl Bank, Boston, 
First Natl Bank, Boston, 
First Natl Bank, Lowell, 
First Natl Bank, Marlboro 1 , 
Framingham Natl Bank 

Framingham, 
Globe Natl Bank, Boston, 
Hamilton Natl Bank, Boston 
Howard Natl Bank, Boston, 
Market Natl Bank, Boston, 
Merchants 1 Natl Bank, Boston 
Metropolitan Nl Bank, Boston 
Nl Bank of Commerce, Boston 
Nl B'k of N. America, Boston 
Nl B'k of Redemption, Boston 
Nl B'k of the Republic, Boston 
Natl Eagle Bank, Boston, 
Natl Exchange Bank, Boston 
Nl Hide & Leather B'k, Boston 
Nl Pemberton B'k, Lawrence 



$50,000 

8,000 

20,000 

1,875 

30,700 

21,000 

12,400 

3,900 

7,800 

13,800 

14,600 

10,000 

5,500 

20,000 

6,400 

2,500 

3,100 

20,000 

10,000 

13,500 

10,000 

4,400 

6,000 

15,000 

25,000 

40,000 

40,000 

3,000 

5,000 

10,000 

11,000 



$100,000 00 
10,680 00 
23,100 00 

3,300 00 
32,503 62 
24,990 00 
16,182 00 

7,127 25 

8,443 50 
17,560 50 
17,374 00 
12,900 00 

5,335 00 
44,350 00 
10,560 00 

2,500 00 

4,340 00 

18,425 00 

12,250 00 

14,536 25 

9,175 00 

6,160 00 

6,810 00 

18,300 00 

26,187 50 

50,900 00 

56,000 00 

3,000 00 

6,400 00 

11,425 00 

14,850 00 



$50,000 00 

8,000 00 

20,000 00 

1,875 00 

30,700 00 

21,000 00 

12,400 00 

3,900 00 

7,800 00 

13,800 00 

14,600 00 

10,000 00 

5,494 75 

20,000 00 

6,400 00 

2,500 00 

3,100 00 

20,000 00 

10,000 00 

13,500 00 

10,000 00 

4,400 00 

6,000 00 

15,000 00 

25,000 00 

40,000 00 

40,000 00 

3,000 00 

5,000 00 

10,000 00 

11,000 00 



* This was a legal investmeut when made. 



122 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Concluded. 



6 | 
fc 33 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


375 
36 

105 

65 
167 

79 
220 

69 
265 
100 

65 
205 
400 
236 

39 


Nat'l Revere Bank, Boston, 
Nat'l Union Bank, Boston, 
Natl Webster Bank, Boston, . 
New England N'l B% Boston, 
North Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Preseott Nat'l Bank, Lowell, . 
Railroad Nat'l Bank, Lowell, . 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Suffolk Nat'l BaDk, Boston, . 
Third Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Washington Nat'l B'k, Boston, 


$37,500 

3,600 
10.500 

6,500 
16,700 

3,950 
22,000 

6,900 
26.500 
10,000 

6,500 

20,500 

. 40,000 

23,600 

3,900 


$46,875 00 

5,211 00 
10.775 62 

9,490 00 
21,877 00 

4,483 25 
35,200 00 

8,970 00 
39,750 00 
12,525 00 

7,540 00 
23,472 50 
40,200 00 
23,659 00 

4,836 00 


$37,500 00 

3,600 00 
10,500 00 

6,500 00 
16,700 00 

3,950 00 
22,000 00 

6,900 00 
26,500 00 
10,000 00 

6,500 00 
20,500 00 
40,000 00 
23.600 00 

3,900 00 




$683,125 


$890,528 99 


$683,119 75 



Railroad Bonds. 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Lowell R.R. 7s, 

Eastern R.R. 6s, .... 

Old Colony & Newport R.R. 6s, 

Fitchburg R.R. 4s, . 

Worcester, Nashua & Roches. R.R. 4s, 



$127,500 
72,000 
50,000 
50,000 
50,000 



$349,500 



$141,525 00 
87,840 00 
58,000 00 
50.000 00 
50,000 00 



$387,365 00 



$127,500 00 
72,000 00* 
50,000 00 
50,000 00 
50,000 00 



$349,500 00 



Commonwealth of Massachusetts. 
Middlesex, ss. Lowell, Nov. 15, 1887. 

Personally appeared F. A. Buttrick, Treasurer of the Citj- Institution for Savings, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Louis H. Kileski, Justice of the Peace. 

Middlesex, ss. Lowell, Nov. 15, 1887. 

Personally appeared Nathan Allen, William Nichols, John F. Howe, Frederic T. 
Greenhalge and Edward K. Perley, being five or more of the trustees of said corporation 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, J. F. Kimball, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



123 



CLINTON SAVINGS BANK — CLINTON. 

Incorporated 1851. Number of corporators, 63. 

Chas. L. Swan, President. Chauncey L. S. Hammond, Treasurer. 

Chas. G Stevens, Clerk. 

Names of committee charged with the investment of its funds : 

C. L. Swan, Geo. W. Weeks, 

C. C. Stone, G. W. Goss. 

C. A. Brooks, 

Open for business every business day, except Saturday, 9 a.m. to 12 m., and 2 to 4 p.m. ; 
on Saturday, 9 a.m. to 12 m , and 1 to 2 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$52,900 00 


Deposits, . 


$1,109,855 63 


Loans on public funds, 


7,300 00 


Earnings undivided, 


1,092 30 


Bank stock as per Schedule B, . 


79,400 00 


Guaranty fund, 


26,000 00 


Leans on bank stock, . 


9,300 00 






Railroad bonds, .... 


33,000 00 






Loans on real estate, . 


653,897 64 






Loans on personal security, 


268,146 00 






Loans to counties, cities or towns 








(notes), 


24,000 00 






Deposit in bank, not on interest, 


1,500 00 






Piemium account, . . 


7,218 59 






Cash on hand, .... 


285 70 








$1,136,947 93 


$1,136,947 93 



Loans on Public Funds, amount on each : — 

On $7,000 Town of Clinton bonds, $6,500 00 

On $1,000 United States 4s, . . . . * 800 00 

Loans on Bank Stock, amount on each : — 

On 50 shares Maverick National Bank, Boston, $5,000 00 

On 20 shares Wachusett National Bank, Fitchburg, 2,000 00 

On 24 shares First National Bank, Clinton, 2,300 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 255 

Aggregate amount of the same, $263,144 49 

Amount of investments from which no income is received 6,300 00 

Cash on Deposit in Bank : — 
Fiist National Bank, Clinton, $1,500 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $50,613 14 

Rate and amount of each semi-annual dividend for the year l 2 per cent., r 20,478 40 

ending Oct. 31, 1887, J 2 per cent., j 20,828 73 



124 



BANK COMMISSIONERS' EEPOET. 



[Jan. 



Times for the dividends fixed by the by-laws : second Monday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,193 $262,754 49 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 147 84,67110 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,258 245,827 50 

Number of accounts opened during the year ending Oct. 31, 1887, . 795 
Number of accounts closed during the year ending Oct. 31, 1887, . 532 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,831 69 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: October 25. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$24,000 00 
70,000 00 
25,000 00 


4 per cent. 
4£ " 
4| 


$644,143 80 
92,303 55 


5 per cent. 
5i " 


$87,860 66 
19,335 63 


6 per cent. 

7 



Classification of Depositors' Accounts. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than f 

Exceeding $100 and not move than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




Amount. 



$20,786 01 

29,599 00 

82,685 14 

223,607 94 

379,884 73 

373,292 81 

493,56s 59 

9,359 58 

13,863 48 

32,442 92 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
\ Market Value. 


Amount Invested. 


City of Taunton 5s 

Town of ( IlintoD 6s, 

of ( 'linton 4s, ... 


$8,000 
26,900 
18,000 


$8,880 00 
29,590 00 
18,900 00 


$8,000 00 
26.900 00 
18,000 00 




$52,900 


$57,370 00 


$52,900 00 



1888,] 



PUBLIC DOCUMENT — No. 8. 



125 



Schedule B — Detailed Statement of Bank Stocks. 



O a? 






Estimated 








Par Value. 






Amount Invested. 


* £ 






Market Value. 




300 


First Natl Bank, Clinton, 


$30,000 


$37,500 


00 


$30,000 00 


50 


Orange Natl Bank, Orange, . 


5,000 


6,450 


00 


5,000 00 


50 


First Natl Bank, New Bedford, 


5,000 


7,400 


00 


5,000 00 


50 


Natl Bank of Commerce, New 












Bedford, .... 


5,000 


5,800 


00 


5,000 00 


30 


Metropolitan Nl Bank, Boston, 


3,000 


3,405 


00 


3,000 00 


16 


Howard Natl Bank, Boston, . 


1,600 


1,724 


00 


1,600 00 


105 


Natl Webster Bank, Boston, . 


10,500 


10,815 


00 


10,500 00 


5 


Natl City Bank, Boston, . 


500 


541 


25 


500 00 


2 


Boston Natl Bank, Boston, 


200 


238 


00 


200 00 


14 


Atlas Natl Bank, Boston, 


1,400 


1,617 


00 


1,400 00 


42 


Nl B'k of No. America, Boston, 


4,200 


4.399 


00 


4,200 00 


20 


Market Natl Bank, Boston, 


2,000 


1,835 


00 


2,000 00 


50 


Manufacturers' Nl B'k, Boston, 


5,000 


4,725 


00 


5,000 00 


10 


Nl Hide & Leather B'k, Boston, 


1,000 


1,142 


50 


1,000 00 


7 


Traders' Natl Bank, Boston, . 


700 


661 


50 


700 00 


20 


Central Natl Bank, Boston, . 


4,000 


2,600 


00 


4,000 00 


30 


First Natl Bank, Leominster, 


300 


300 


00 


300 00 




$79,400 


$91,153 


25 


$79,400 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R.B. 6s, 
Old Colony R.R. 7s, . 
Fitchburg R.R. 7s, . 
Worcester & Nashua R.R. 5s, . 


$10,000 

5,000 

13,000 

5,000 


$12,187 50 

6,062 50 

15,990 00 

5,350 00 


$10,000 00 

5,000 00 

13,000 00 

5,000 00 




$33,000 


$39,590 00 


$33,000 00 






Commonwealth op Massachusetts. 
Worcester, ss. Clinton, Nov. 8, 1887. 

Personally appeared C. L. S. Hammond, Treasurer of the Clinton Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which the} 7 relate, according to his best knowledge and belief. 

Before me, Edward G. Stevens, Justice of the Peace. 

Worcester, ss. Clinton, Nov. 8, 1887. 

Personally appeared C. L. Swan, C. C. Stone, C. A. Brooks, Geo. W. Weeks and 
G. W. Goss, being five or more of the trustees of said corporation, aud severally made 
oath that they have made an examination of the affairs of the bank ; that the books and 
records of said institution indicate the state of affairs as above attested by their treas- 
urer; and that they believe said statement to be true. 

Before me, Edward G. Stevens, Justice of the Peace. 



126 



BANK COMMISSIONERS' REPORT. 



[Jan. 



COHASSET SAVINGS BANK — COHASSET. 

Incorporated 1845. Number of corporators, 31. 

Martin Lincoln, President. Caleb Lothrop, Treasurer. 

Caleb Lothrop, Clerk. 

Names of committee charged with the investment of its funds : 
Martin Lincoln, J. Q. A Lothrop, 

John W. Bates, Louis N. Lincoln. 

Open for business every business day, except Saturday, 9 a.m. to 12 m. and 1 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Bank stocks as per Schedule, 


$54,000 00 


Deposits, . 


$433,793 20 


Loan on bank stock, . 


300 00 


Earnings undivided, 


11,153 93 


Railroad bonds, .... 


22,000 00 


Guaranty fund, 


11,800 00 


Loans on real estate, . 


273,489 00 






Loans on personal security, 


84,350 00 






Loans to counties, cities or towns 








(notes), 


9,000 00 






Deposits in banks, on interest, . 


12,850 12 






Expense account, 


364 70 






Cash on hand, .... 


393 31 








$456,747 13 


$456,747 13 



Loan on Bank Stock : — 
On 3 .shares Merchants' National Bank, Boston, $300 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 140 

Aggregate amount of the same, . . . _ $123,789 00 

Cash on Deposit in Banks, amount in each : — 

Boston National Bank, Boston $11,904 99 

Maverick National Bank, Boston 945 13 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $23,463 93 

Rate and amount of each semi-annual dividend for the year | 2J per cent., f 9,767 82 

ending Oct. 31, 1887, J 2 per cent., 1 8,076 87 

Times for the dividends fixed by the by-laws : first Tuesday in January 

and July. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend : 4 2-5. 
Date of the last extra dividend : 1883. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 578 $64,160 71 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 59 34,046 49 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 496 48,492 94 

Number of accounts opened during the year ending Oct. 31, 1887, . 134 
Number of accounts closed during the year ending Oct. 31, 1887, . 69 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,5-56 14 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner: August 11. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



1?7 



Total amount of Loans with each specified Rate o Interest, i?icluding 
Deposits in Banks on Interest. 




512,850 12 
20,000 00 
30,000 00 



Amount. 


Rate. 


Amount. 


Rate. 


$142,400 00 
2,500 00 


5 per cent. 
5£ « 


$164,439 00 
7,800 00 


6 per cent. 

6£ « 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, . 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . . . . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



$4,953 39 

7,757 07 

18,781 7ft 

71,720 50 

132,865 04 

197,715 45 

174,358 93 

1,286 51 

10,100 00 

42,965 03 



Detailed Statement of Bank Stocks. 



No. of 
Shares. 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


30 
20 
45 
43 
20 
40 
18 
20 
25 
30 
23 
12 
22 
45 
32 
38 
36 
15 
10 
16 


Atlas Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Nat'l City Bank, Boston, . 
Columbian Nat'l Bank, Boston, 
Continental Nat'l B'k, Boston, 
Nat'l Eagle Bank, Boston, 
Everett Nat'l Bank, Boston, . 
N'l Hide &Leather B'k, Boston, 
Market Nat'l Bank, Boston, . 
Merchants' Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
N'l B'k of the Republic, Boston, 
Nat'l Revere Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
State Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Nat'l Union Bank, Boston, 
Washington N'l Bank, Boston, 
Nat'l Webster Bank, Boston, . 


$3,000 
2,000 
4,500 
4,300 
2,000 
4,000 
1,800 
2,000 
2,500 
3,000 
2,300 
1,200 
2,200 
4,500 
3,200 
3,800 
3,600 
1,500 
1,000 
1,600 


$3,457 50 
2,125 00 
5,355 00 
4,300 00 
2,445 00 
4,770 00 
1,830 00 
1,935 00 
2,843 75 
2,707 50 

3.231 00 
1,440 00 
3,080 00 
5,625 00 
4,000 00 
4,398 50 
3,600 00 
2,152 50 

1.232 00 
1,600 00 


$3,000 00 
2,000 00 
4,500 00 
4,300 00 
2,000 00 
4,000 00 
1,800 00 
2,000 00 
2,500 00 
3,000 00 
2,300 00 
1,200 00 
2,200 00 
4,500 00 
3,200 00 
3,800 00 
3,600 00 
1,500 00 
1,000 00 
1,600 00 




$54,000 


$62,127 75 


$54,000 00 



128 



BANK COMMISSIONERS' REPORT. [Jan 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R.R. 7s, . 
Eastern R.R. 6s, . . 


$9,000 
13,000 


$10,282 00 
15,860 00 


$9,000 00 
13,000 00* 




$22,000 


$26,142 00 


$22,000 00 



Commonwealth of Massachusetts. 

Norfolk, ss., Nov. 15, 1887. 
Personally appeared Caleb Lothrop, Treasurer of the Cohasset Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, J. Q. A. Lothrop, Justice of the Peace. 

Norfolk, ss., Nov. 15, 1887. 
Personally appeared Martin Lincoln, John W. Bates, Louis N. Lincoln, Abraham H. 
Tower and Chas. H. Willard, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, J. Q. A. Lothrop, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



129 



CONWAY SAVINGS BANK — CONWAY. 

Incorporated 1887. Number of corporators, 5. 

John B. Packard, President. Wm. G. Avery, Treasurer. 

"VVm. G. Avery, Clerk. 

Names of committee charged with the investment of its funds : 

John B. Packard, Carlos Batchelder, 

Edward Delararre, Richard Tucker. 

Ciias. B. Merritt, 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 



Assets. 


Liabilities. 


Loan on bank stock, . 
Loans on real estate, . 
Loans on personal security, 
Deposit in hank, on interest, 
Expense account, 
Cash on hand, .... 


$255 00 
13,800 00 
2,300 00 
1,000 00 
120 15 
3,179 74 


Deposits, . 
Interest account, 


$20,359 17 
295 72 




$20,654 89 


$20,654 89 



Loan on Bank Stock : — 
On 5 shares Conway National Bank, Conway, 



$255 00 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 15 

Aggregate amount of the same, $12,855 00 

Cash on Deposit in Bank : — 
Conway National Bank, Conway, $1,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $295 72 

Times for the dividends fixed by the by-laws : May 1 and November 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 220 $21,336 68 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887 22 12,001 26 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 27 977 51 

Number of accounts opened during the year ending Oct. 31, 1887, . 150 
Number of accounts closed during the year ending Oct. 31, 1887, . 5 

Amount of expenses of the corporation during the ) T ear ending Oct. 31, 1887, 120 15 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner: July 7. 



130 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$1,000 00 


3 per cent. 


$16,355 00 


5 per cent. 


- 


- 



Classification of Depositors'* Accounts. 



Number. 



Amount. 



Whole number, 

Of $30 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Uf $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
In trust, 



145 

79 

29 

8 

19 

4 

6 

63 
1 
3 



& 1,344 32 
2,548 23 
1,328 15 
6,496 21 
2,642 26 
6,000 00 
8,682 99 
57 73 
500 00 



Commonwealth of Massachusetts. 
Franklin, ss. Conway, Nov. 9, 1887. 

Personally appeared W. G. Avery, Treasurer of the Conway Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Carlos Batchelder, Notary Public. 

Franklin, ss. Conway, Nov. 4, 1887. 

Personally appeared John B. Packard, Carlos Batchelder, Arthur P. Delabarre, 
A. M. Cook and C. C. Burdett, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, W. G. Avery, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



131 



CROCKER INSTITUTION FOR SAVINGS — TURNER'S FALLS. 

Incorporated April 3, 1869. Number of corporators, 16. 

J. H. Root, President. D. P. Abercrombie, Treasurer. 

W. H. P. Gilmore, Clerk. 

Names of committee charged with the investment of its funds : 
G. L. Rist, D. P. Aberceombie. 

James A. Gunn. 

Open for business every business day, 9 a.m. to 3 p m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$39,500 00 


Deposits, . 


$565,712 95 


Bank stock as per Schedule B, . 


28,472 50 


Earnings undivided, 


5.542 67 


Loans on bank stocks, 


7,000 00 i 


Guaranty fund, 


8,700 00 


Railroad bonds, .... 


32,000 00 ; 


Suspense account, . 


157 47 


Real estate (for banking pur- 








poses), 


31,000 00 






Loans on real estate, . 


260,513 33 






Loans on personal security, 


135,086 60 






Loans to counties, cities or towns 








(notes), 


11,246 25 






Deposit in bank, on interest, 


24,800 00 






Deposit in bank, not on interest, 


5,037 59 






Expense account, 


845 29 






Interest account, 


246 25 






Premium account, 


2,637 50 






Cash on hand, .... 


827 78 








$580,113 09 

i 


$580,113 09 



Loans on Bank Stocks, amount on each : — 

On 40 shares Packard National Bank, Greenfield, $4,000 00 

On 52 shares Crocker National Bank, Turner's Falls, 3,900 00 

Invested in real estate (for banking purposes), $31,000 00 

Estimated value of the same, 31,000 00 

Assessed value of the same, 21,250 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,547 41 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 292 

Aggregate amount of the same, 213,867 78 

Cash on Deposit in Bank : — 
Crocker National Bank, Turner's Falls, *$29,837 59 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887 $26,68295 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., ( 9,947 39 

ending Oct. 31, 1887, ) 2 per cent., 1 10,501 24 

* This deposit has been reduced to $25,000. 



132 



BANK COMMISSIONED' REPORT. 



[Jan. 



Times for the dividends fixed by the by-laws : January and July. 

Average annual per cent, of dividends for terra ending at time of and in- 
cluding last extra dividend : 5 7-15. 

Date of the last extra dividend : January 1, 1880 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 2,022 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 91 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 955 

Number of accounts opened during the year ending Oct. 31, 1887, . 398 

Number of accounts closed during the year ending Oct. 31, 1887, . 246 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : October 4. 



$137,747 97 



64,101 44 



109,406 34 



1,529 90 
25,000 00 



Total amount of Loans ivith each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


i 

Amount. 


Rate. 


$24,800 00 


2 per cent. 


$10,000 00 


4 per cent. 


$404,746 18 


5 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceed in «r $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$7,825 73 

11,354 85 

31,916 01 

110,1 S3 75 

144,647 52 

2.59,7*5 09 

184,198 15 

8,578 06 

5,874 53 

22,891 69 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Boston, Mass., 6s, 


$6,000 


$7,020 00 


$6,000 00 


of Boston, Mass., 5s, 


4,000 


4,800 00 


4,000 00 


of Lowell, Mass., 6s, 


3,000 


3,300 00 


3,000 00 


of Providence, R. I., 5s, . 


5,000 


5,800 00 


5,000 00 


Town of Montague, Mass., 4s, 
State of Maine 6s, .... 


11,000 
8,000 


11,660 00 
8,800 00 


11,000 00 
8,000 00 


of New Hampshire 6s, , 


2,500 


2,950 00 


2,500 00 




$39,500 


$44,330 00 


$39,500 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



133 



Schedule B — Detailed Statement of Bank Stocks. 



o 8 

<-> 

O a 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


87 

60 

10 

7 

10 
10 
10 
40 
10 


Crocker Wl B'k, Turner's Falls, 
Conway Nat'l Bank, Conway, . 
Central Natl Bank, Boston, . 
Columbian Natl Bank, Boston, 
Natl Webster Bank, Boston, . 
Eliot Natl Bank, Boston, 
Tremont Natl Bank, Boston, . 
Continental Natl Bank, Boston, 
Nl B'k of Commerce, Boston, 


$8,700 
6,000 
1,000 
700 
1,000 
1,000 
1,000 
4,000 
1,000 


$11,310 00 
7,500 00 
1,300 00 
900 00 
1,030 00 
1,290 00 
1,000 00 
4,800 00 
1,220 00 


$9,835 00 
6,930 00 
1,056 25 
1,014 50 
1,155 00 
1,242 50 
1,242 50 
4,704 25 
1,292 50 




$24,400 


$30,350 00 


$28,472 50 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitehburg R.R. 5s, . 
Vermont & Massachusetts R.R. 5s, . 
Boston, Revere Beach & Lynn R.R. 6s, 
Old Colony R.R. 6s, . 


$15,000 
5,000 
7,000 
5,000 


$16,500 00 
5,500 00 
8,100 00 
6,000 00 


$15,000 00 
5,000 00 
7,000 00 
5,000 00 




$32,000 


$36,100 00 


$32,000 00 



Commonwealth of Massachusetts. 

Franklin, ss., Nov. 19, 1887. 
Personally appeared D. P. Abercrombie, Treasurer of the Crocker Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, John McIlvene, Justice of the Peace. 

Franklin, ss., Nov. 19, 1887. 
Personally appeared J. F. Bartlett, F. L. Webster, James A. Gunn, M B. Collins, 
W. D. Russell and "VVillard E. Everett, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, John McIlvene, Justice of the Peace. 

Franklin, ss., Dec. 2, 1887. 
Personally appeared J. H. Root, President of the Crocker Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to bis best knowledge and belief. 

Before me, Isaac Chenery, Justice of the Peace. 



134 



BANK COMMISSIONERS' REPOET. 



[Jan. 



DANVERS SAVINGS BANK — DANVERS. 

Incorporated 1850. Number of corporators, 45. 

Augustus Mudge, President. Iskael H. Putnam, Treasurer. 

Israel H. Putnam, Clerk. 

Names of committee charged with the investment of its funds : 

Francis Dodge, Chas. H. Gould, 

Gilbert A. Tapley, Israel H. Putnam. 

Joshua Bragdon, 

Open for business eveiy business day, 8 a.m. to 12 m., and 1 to 3 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$21,605 00 


Deposits, . 


$1,062,371 58 


Loan on public funds, 


5,000 00 


Earnings undivided, 


19,648 60 


Bank stock as per Schedule B, . 


141,080 50 


Guaranty fund, 


34,650 00 


Loans on bank stock, 


3,650 00 






Railroad bonds, .... 


63,'200 00 






Loan on railroad bonds, 


5.000 00 






Real estate by foreclosure, 


65,530 00 






Loans on real estate, . 


375,227 00 






Loans on personal security, 


356,867 00 






Loans to counties, cities or towns 








(notes), 


23,200 00 






Deposits in banks, on interest, . 


50,814 18 






Deposits in banks, not on inter- 










5,000 00 






Insurance account, 


16 75 






Cash on hand, .... 


479 75 


1 






$1,116,670 18 


$1,116,670 18 



Loan on Public Funds : — 
On $5,000 Turner's Falls 4s, $5,000 00 

Loans on Bank Stock, amount on each : — 

On 5 shares First National Bank, Dan vers, $400 00 

On 16 shares First National Bank, Danvers ..),-> nft0 {)() 

On 6 shares Salem National Bank, Salem, J 

On 11 shares First National Bank, Danvers, 1,000 00 

On 2 shares First National Bank, Danvers, 200 00 

On 3 shares First National Bank, Danvers, 50 00 

Loan on Railroad Bonds : — 

On $5,0CO Worcester, Nashua & Rochester R.R. 4s, with $1,000 District i 
of Columbia 6s as additional security, \ $ 5 > 000 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $65,530 00 
Assessed value of the same, 63,900 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



135 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 246 

Aggregate amount of the same, $212,472 00 

Amount of investments from which no income is received, .... 10,830 00 

Cash on Deposit in Banks, amount in each : — 

Merchants' National Bank, Salem, $25,534 65 

Maverick National Bank, Boston, 8,820 35 

First National Bank, Danvers 21,459 18 



Whole amount of interest or profits received or earned during year end 

ingOct. 31, 1887, 

Rate and amount of each semi-annual dividend for the year | 2 per cent., 

ending Oct. 31, 1887, j 2 per cent 

Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887 2,148 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 93 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31,1887 1,644 

Number of accounts opened during the year ending Oct. 31, 1887, . 365 
Number of accounts closed during the year ending Oct. 31, 1887, . 306 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: July 18. 



;{ 



$56,225 82 
20,453 17 
20,463 22 



$145,147 81 

50,244 45 

185,638 90 



2,577 79 
20,000 00 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$50,814 18 
55,955 35 
62.000 00 

105,000 00 


2^ per cent. 
4 " 
4£ " 
4| " 


$159,300 00 

25,000 00 

91,000 00 

208,087 00 


5 per cent. 

6 " 


$1,337 00 
20,818 00 
40,446 65 


6£ per cent 

7 

8 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



"Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, . 




$17,093 29 

23,304 66 

62,376 55 

176,706 08 

330,898 71 

451,992 29' 

501,577 93 

16,277 12 

12.416 84 

46,652 99 



136 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Schedule A — Detailed Statement of Publio Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Hartford, Ct., 6s, . 
of Boston, Mass., 5s, 
of Boston, Mass., 4s, 


$2,000 
10,00(J 
10,000 


$2,200 00 
11,100 00 
] 0,250 00 


$1,830 00 

9,775 00 

10,000 00 




$22,000 


$23,550 00 


$21,605 00 



Schedule B — Detailed Statement of Bank Slocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



50 

53 

10 
6) 
70 
So 
68 
10 
50 
71 
65 
75 
50 
34 
60 
20 
25 
270 
7 
5 
25 
75 

1 25 
20 

129 
10 



Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston 
Continental Natl Bank, Boston 
Nat 1 ! B'k of Commerce, Boston 
Natl Exchange Bank, Boston 
Globe Natl Bank, Boston, 
Howard Natl Bank, Boston, 
Lincoln Natl Bank, Boston, 
Merchants 1 Natl Bank, Boston 
]S T1 1 B'k of No. America, Boston 
Nl B% of Redemption, Boston 
Natl Revere Bank, Boston, 
State Natl Bank, Boston, 
Traders 1 Natl Bank, Boston, 
Third Natl Bank, Boston, 
Tremont Natl Bank, Boston, 
Washington N'l Bank, Boston 
Asiatic Natl Bank, Salem, 
First Natl Bank, Salem, . 
Naumkeag Natl Bank, Salem 

O 7 

Salem Natl Bank, Salem, 
Natl Bank of Commerce, New 

Bedford, 
First Natl Bank, New Bedford 
Warren Natl Bank, Peabody, 
First Natl Bank, Danvers, 
Rockport Natl Bank, Rockport 



$5,000 
5,300 
1,000 
6,000 
7,000 
8,500 
6,800 
1,000 
5,000 
7,100 
6,500 
7,500 
5,000 
3,400 
6,000 
2,000 
2,500 
8,100 
700 
500 
2,500 

7,500 
12,500 
2,000 
9,675 
1,000 



$5,762 50 

5,611 12 

1,190 00 

7,320 00 

8,820 00 

7,820 00 

7,327 00 

1,097 50 

7,000 00 

7,437 25 

8,255 00 

9,375 00 

5,800 00 

3,196 00 

6,000 00 

2,000 00 

3,100 00 

10,530 00 

910 00 

690 00 

3,375 00 

9,000 00 

17,500 00 

2,600 00 

11,610 00 

1,350 00 



$130,075 



$154,676 37 



$5,675 00 

5,300 00 

1,080 00 

6,000 00 

7,097 
10,612 

6,800 

1,100 

6,475 

7,268 75 

7,901 25 

7,500 

5,356 

3,345 

6,000 

2,000 

2,500 

8,100 
700 
500 

2,862 



50 
50 
00 
00 
00 



00 
25 
00 
00 
00 
00 
00 
00 
00 
50 



8,962 50 
14,947 25 
2,000 00 
9,997 00 
1,000 00 



$141,080 50 



1888.] 



PUBLIC DOCUMENT — No. 8. 



137 



Railroad Bends. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Conn. & Passumpsic Rivers R.R. 7s, 
Boston & Lowell R.R. 7s, 
Boston, Winthrop & Shore R.R. 5s, . 
Fitchburg R.R. 4s, . 

Fitchburg R.R. 4^s, . 


$16,000 
10,000 
10,000 
10,000 
10,000 


$17,600 00 

11.500 00 

10,700 00 

9,800 00 

10,000 00 


$19,200 00* 
12,425 00 
11,350 00 
10,225 00 
10,000 00 




$56,000 


$59,600 00 


$63,200 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887. 
Personally appeared Israel H. Putnam, Treasurer of the Danvers Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and coireet state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, J. Frank Pokter, Justice of the Peace. 

Essex, ss. Danvers, Nov. 16, 1887. 

Personally appeared Chas. H. Gould, M. J. Currier, Austin S. Richards, Chauncey S. 
Richards and Joshua Bragdon, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the hooks and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, J. Frank Porteh, Justice of the Peace. 

Essex, ss. Danvers, Nov. 28, 1887. 

Personally appeared Augustus Mudge, being one of the trustees of said corporation, 
and made oath that he has made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested by 
the treasurer; and that he believes said statement to be true. 

Before me, J. Frank Porter, Justice of the Peace. 



* This was a legal investment wheu made. 



138 



BANK COMMISSIONERS' REPORT. 



[Jan. 



DEDHAM INSTITUTION FOR SAVINGS — DEDHAaL 

Incorporated 1831. Number of corporators, 99. 

Augustus B. Exdicott, President. Alfred Hetyins, Treasurer. 

Alfred Hewixs, Clerk. 

Names of committee charged with the investment of its funds : 



Augustus B. Exdicott, 
II enry "VV. Richards, 
Howard Colburx, 



John R. Bullard, 
Don Gleasox Hill. 



Open for business every business day, 9 a.m. to 12.30 p.m., 2 to 4 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$320,000 00 


Deposits, . 


§1,930,266 91 


Loan on public funds, 


400 00 


Earnings undivided, 


77,-61 21 


Bank stock as per Schedule B, . 


80,638 50 


Guaranty fund, 


78,993 14 


Railroad bonds, .... 


597,000 00 






Real e>tate (for banking pur- 








poses), 


15,000 00 






Real estate by foreclosure, . 


300 00 






Loans on real estate, . 


568.S57 00 






Loans on personal securitv, 


445,200 00 






Loans to counties, cities or towns 








(note.-), 


26,000 00 






Deposit in hank, on interest, 


31,328 76 






Deposit in bank, not on interest, 


2,000 00 








$2,086,724 26 


|2,086,724 26 



Loan on Public Funds : — 

On $500 United States bond, $400 00 

Invested in real estate (for banking purposes), $15,000 00 

Estimated value of the same, ,. 15.000 00 

Assessed value of tlie same, 10,000 00 

Net income received from same during year ending Oct. 31, 1887, . 415 43 

Value (by books) of other real estate, held by foreclosure or otherwise, . 300 00 

Assessed value of the same, 225 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 437 

Aggregate amount of the same, 451,932 00 

Amount of investments from which no income is received, .... 390 00 

Cash on Deposit in Bank : — 

Dedham National Bank, Dedham, $33,32876 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887 $105,092 81 

Rate and amount of ench semi-annual dividend for the year ) 2 per cent., ( 31,515 19 

ending Oct. 31, 1887, J 2 per cent., 1 3-3,644 51 

Times for the dividends fixed by the by-laws : Way I and November 1. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



139 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 3,584 $301,766 24 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 244 130,923 98 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 2,365 262,186 37 

Number of accounts opened during the year ending Oct. 31, 1887, . 807 
Number of accounts closed during the year ending Oct. 31, 1887, . 552 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,696 51 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: August 22. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Eate. 


Amount. 


Rate. 


$31,328 76 

166.000 00 

70,000 00 


2 per cent. 
4 " 
4J « 


$30,000 00 

140,000 00 

20,000 00 


4| per cent. 
5 " 


$5,000 00 

25,000 00 

584,457 00 


5| per cent. 
6 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, . . . . . 

Of $50 or loss, . tt0mm . .... 

Exceeding $50 and not more than $100, 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $'.000 or more, . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, . 



$27,423 85 

40,925 07 

9cS,298 28 

354,091 07 

574,277 41 

835,251 23 

932,699 36 

21,325 03 

8 816 55 

182,820 52 



Schedule A — Detailed Statement of Public Funds. 







Eslimatcd 






Par Value. 


Market Value. 


Amount Invested. 


City of Boston, Mass., 4s, 


$112,000 


$116,240 00 


$112,000 00 


of Boston, Mass., 6s, 


10,000 


12,500 00 


10,000 00 


of Charlestown, Mass., 6s, 


6,000 


6,420 00 


6,000 00 


of Cleveland, Ohio, 6s, . 


1,000 


1,150 00 


1,000 00 


of Cleveland, Ohio, 5s, . 


24,000 


24,500 00 


24,000 00 


of Columbus, Ohio, 4s, . 


10,000 


9,600 00 


10,000 00 


of Fall River, Mass., 6s, . 


10,000 


11,020 00 


' 10,000 00 


of Grand Rapids, Mich., 6s, 


10,000 


10,300 00 


10,000 00 


of Grand Rapids, Mich., 8s, 


3,000 


3,450 00 


3,000 00 



140 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule A — Concluded. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Manchester, N. H., 6s, 
of Portland, Me., 6s, 
of Providence, R. I., 4is, . 
of Worcester, Mass., 5s, . 
Town of Lincoln, Mass., 6s, . 
City of Maiden, Mass., 6s, 
Town of Melrose, Mass., 7s, . 
of So. Norwalk, Ct., 6s, 
of Woburn, Mass., 6s, . 
District of Columbia 6s, . 
of Columbia 5s, . 


$18,000 

9,000 

20,000 

10,000 

2,000 

10,000 

5,000 

5,000 

5,000 

20,000 

30,000 


$19,440 00 

10,170 00 

20,200 00 

10,100 00 

2,160 00 

10,600 00 

5,600 00 

5,350 00 

5,400 00 

21,100 00 

31,800 00 


$18,000 00 

9,000 00* 

20,000 00 

10,000 00 

2,000 00 

10,000 00 

5,000 00 

5,000 00 

5,000 00 

20,000 00 

30,000 00 


• 


$320,000 


$337,100 00 


$320,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



<►; to 






Estimated 




O S. 




Par Value. 




Amount Invested. 


* 55 






Market Value. 




145 Atlas Nat'l Bank, Boston, 


$14,500 


$16,820 00 


$14,500 00 


75 


Blackstone Nat'l Bank, Boston, 


7,500 


8,100 00 


7,500 00 


75 


N'l Bank of Commerce, Boston, 


7.500 


9,150 00 


7,500 00 


150 


Dedham Nat'l Bank, Dedham, 


15,000 


17,100 00 


15,000 00 


25 


Globe Nat'l Bank, Boston, 


2.500 


2,275 00 


2,500 00 


40 


Howard Nat'l Bank, Boston, . 


4,000 


4,400 00 


4,000 00 


60 


Peoples' Nat'l Bank, Boston, . 


6,000 


9,720 00 


6,000 00 


50 


Shawmut Nat'l Bank, Boston, 


5,000 


6,250 00 


5,000 00 


25 


State Nat'l Bank, Boston, 


2,500 


2,900 00 


2,500 00 


52 | Traders' Natl Bank, Boston, . 


5.200 


4,888 00 


5,138 50 


25 | Nat'l Union Bank, Boston, 


2,500 


3,600 00 


2,500 00 


85 1 Nat'l Webster Bank, Boston, . 


8,500 


8,755 00 


8,500 00 






$80,700 


$93,958 00 


$80,638 50 



Railroad Bonds. 





Tar Value. 


Estimated 
Market Value. 


Amount Invested 


Androscoggin & Kennebec R.R. 6s, . 


$3,000 


$3,120 00 


$3,000 00 


Boston, Barre & Gardner R.R. 5s &7s, 


25,000 


28,490 00 


25,000 00 


Boston. Clinton & Fitohburg R.R. 7s, 


1,000 


1,060 00 


1.000 00 


B.,C.,Fitchburg&N. Bedford R.R. 5s, 


35,000 


38,150 00 


35,000 00 


Boston, Revere Beach & Lynn R.R. 6s, 


11,000 


12,650 00 


11,000 00 


Boston & Maine R.R. 7s, . 


24,000 


27,220 00 


24,000 00 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Railroad Bonds — Concluded. 



141 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Boston & Lowell R.R. 7s, 


$49,500 


$56,310 00 


$49,500 00 


Boston & Lowell R.R. 6s, 


20,000 


22,500 00 


20,000 00 


Boston & Lowell R.R. 5s, 


5,000 


5,350 00 


5,000 00 


Boston & Lowell R.R. 4±s, 


5,000 


5,050 00 


5,000 00 


Boston, Winthrop & Shore R.R. 5s, . 


25,000 


27,750 00 


25,000 00 


Concord & Claremont R.R. 7s. 


1,000 


1,150 00 


1,000 00 


Conn. & Passurnpsic Rivers R.R. 7s, 


78,500 


87,920 00 


78,500 00* 


Eastern R.R. 6s, .... 


29,000 


35,380 00 


29,000 00* 


Fitehburg R.R. 5s, . 


15,000 


15,400 00 


15,000 00 


Fitehburg R.R. 4s, . 


45,000 


45,000 00 


45,000 00 


Leeds & Farmington R.R. 6s, . 


3,500 


3,640 00 


3,500 00 


Lowell & Anclover R.R. 6s, 


9,000 


9,900 00 


9,000 00 


Maine Central R.R. 7s, . 


8,000 


3,720 00 


3,000 00 


Nashua & Lowell R.R. 6s, 


2,000 


2,160 00 


2,000 00 


Nashua & Rochester R.R. 5s, . 


5,500 


5,775 00 


5,500 00 


New Bedford R.R. 7s, 


2,000 


2,300 00 


2,000 00 


Newport & Richford R.R. 5s, . 


35,000 


38,500 00 


35,000 00* 


New York, Pro v. & Boston R.R. 7s, 


30,000 


37,500 00 


30,000 00 


Old Colony R.R. 7s, . 


5,000 


5,700 00 


5,000 00 


Salem & Lowell R.R. 6s, . 


10,500 


12,075 00 


10,500 00 


Vermont & Massachusetts R.R. 5s, . 


119,000 


127,330 00 


119,000 00 


Worcester & Nashua R.R. 5s, . 


500 

< 


510 00 


500 00 




$597,000 


$661,610 00 


$597,000 00 



Commonwealth of Massachusetts. 
Norfolk, ss. Dedham, Nov. 12, 1887. 

Personally appeared Alfred Hewins, Treasurer of the Dedham Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the toregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Lewis H. Kingsbury, Justice of the Peace. 

Norfolk, ss. Dedham, Nov. 29, 1887. 

Personally appeared Don Gleason Hill, John H. Burdakin, Fred. J. Baker, Elijah 
Howe, Jr., trustees of said corporation, and Augustus B. Endicott, President and trustee 
of said corporation and severally certified and made oath that the foregoing report is 
correct according to their best knowledge and belief, and that they believe said statement 
to be true. Before me, C. C. Churchill, Justice of the Peace. 



* These were legal investments when made. 



142 



BANK COMMISSIONERS' REPORT. 



[Jan. 



EAST BOSTON SAVINGS BANK— EAST BOSTON. 

Incorporated 1848. Number of corporators, 28. 

Geo. T. Sampson, President. Wm. B. Pigeon, Treasurer. 

Wm. B. Pigeon, Clerk. 

Names of committee charged with the investment of its funds : 
Nath'l Seaveh, Wm. B. Pigeon, 

Geo. E. Young, E. M. McPherson, 

Nath'l M. Jewett, Geo. L. Thorndike, 

Andrew M. Morton, Rufus Cushman. 

John Thompson, 

Open for business every business day, 9 a.m. to 2 p.m., and Saturday evening, 7 to 9. 

Statement. 




Loan on Bank Stock : — 
On 10 shares First Ward National Bank, Boston, 



$500 00 



Invested in real estate (for banking purposes), $14,812 10 

Estimated value of the same, 22,500 00 

Assessed value of the same, 22,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 983 82 

Value (by books) of other real estate, held by foreclosure or otherwise, . 19,439 95 

Assessed value of the same 20,800 00 

Net income received from same during year ending Oct. 31, 1887, . . 984 48 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 399 

Aggregate amount of the same, 531,719 73 

Amount of investments from which no income is received, .... 25,000 00 

Cash on Deposit in Bank : — ' 

First Ward National Bank, Boston $28,498 91 



1888.] 



PUBLIC DOCUMENT — No. 8. 



143 



Whole amount of interest or profits received or earned during year ending 

• Oct. 31, 1887 $85,171 31 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 28,093 63 

ending Oct. 31, 1887 I 2 per cent., 1 29,136 80 

Times for the dividends fixed by the by-laws : third Wednesday in January 

and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 10,634 $521,340 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 352 189,304 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 5,762 445,225 89 

Number of accounts opened during the year ending Oct. 31, 1887, 1,561 
Number of accounts closed during the year ending Oct. 31, 1887, . 884 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 6,014 14 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: February 10. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$28,498 91 

80,0(>0 00 

165,000 00 

504,909 73 


2£ per cent. 

4£ » 

41 

5 


$15,000 00 

199,500 00 

3,000 00 

25,000 00 


5^ per cent. 
5| 

£7 (I 


$342,609 00 

2,700 00 

12,570 00 


6 per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 
Of $50 or less, .... 
Exceeding $50 and not more than Sj 
Exceeding $100 and not more than 
Exaeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To tbe credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$30,883 27 

55,419 62 

123,236 18 

343,639 50 

531,672 99 

562,507 67 

613,976 80 

12,826 94 

21,356 93 

187,582 35 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Grand Rapids, Mich., 5s, 
of Cleveland, Ohio, 6s, . 
of Cleveland, Ohio, 5s, . 


$6,000 
9,000 
4,000 


$6,600 00 

10,350 00 

4,320 00 


$6,000 00 
9,000 00 
4,000 00 




$19,000 I $21,270 00 
i 


$19,000 00 



144 BANK COMMISSIONERS' REPORT. 

Schedule B — Detailed Statement of Bank Stocks. 



[Jan. 



fc fr 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



36 

32 

200 

45 

41 

100 

163 

100 

115 

125 

100 

250 

200 

67 

78 

' 24 

50 

24 

12 

150 

100 

100 

34 

105 

100 

64 

42 

50 

5 



Atlantic Natl Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Blackstone Nat'l Bank, Boston 
Boylston Nat'l Bank, Boston, 
Continental Nat'l Bank, Boston 
N'l Bank of Commerce, Boston 
Nat'l Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 
First Ward Nat'l Bank, Boston 
First Nat'l Bank, Chelsea, 
Freeman's Nat'l Bank, Boston 
Globe Nat'l Bank, Boston, 
N'l Hide & Leather B'k, Boston 
Howard Nat'l Bank, Boston, 
Merchandise N'l Bank, Boston 
Market Nat'l Bank, Boston, 
Mt. Vernon Nat'l Bank, Boston 
Massachusetts N'l B'k, Boston 
N'l B'k of No. America, Boston 
Nat'l Revere Bank, Boston, 
N'l B'k of the Republic, Boston 
N'l B'k of Redemption, Boston 
Suffolk Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston 
Traders' Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Webster Bank, Boston, 



$3,600 

3,200 

20,000 

4,500 

4,100 

10,000 

16,300 

10,000 

11,500 

12,500 

10,000 

25,000 

20,000 

6,700 

7,800 

2,400 

5,000 

2,400 

3,000 

15,000 

10,000 

10,000 

3,400 

10,500 

10,000 

6,400 

4,200 

5,000 

500 



$4,824 00 

3,696 00 
23,800 00 

4,848 75 

5,350 
11,975 
19,926 
10.000 
14,720 
16,250 00 
13,000 00 
23,875 
18,250 

7,671 

8,580 

2,376 

4,587 

3,306 

3,183 
15,712 
12,500 
14,012 

4,326 
12,022 50 
11,600 00 

6,464 00 

3,958 50 

5,043 75 
513 12 



50 
00 
75 
00 
00 



00 
00 

50 
00 
00 
50 
00 
75 
50 
00 
50 
50 



$253,000 $286,374 12 



$3,600 00 

3,200 00 
20,000 00 

4,500 00 

4,100 00 
10,000 00 
16,300 00 
10,000 00 
11,500 00 
12,500 00 
10,000 00 
25,000 00 
20,000 00 

6,700 00 

7,800 

2,400 

5,000 

2,400 

3.000 
15,000 00 
10,000 00 
10,000 00 

3,400 00 
10,500 00 
10,000 00 

6,400 00 

4,200 00 

5,000 00 
500 00 



00 
00 
00 
00 
00 



$253,000 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Maine R.R. 7s, . 

Old Colony R.R. 7s, . 

Old Colony R.R. 6s, . 

Boston & Albany R.R. 7s, 

Fitchburg R.R. 7s, . 

Boston, Clinton & Fitchburg R.R. 5s, 

Maine Central R.R. 7s, . 

Maine Central R.R. 6s, 



$14,500 
2,000 

15,000 
6,000 
3,000 
1,000 

14,500 
6,000 

$62,000 



$16,312 00 
2,290 00 

16,890 00 
6,750 00 
3,360 00 
1,130 00 

17,690 00 
6,960 00 

$71,382 00 



$14,500 00 
2,000 00 

15,000 00 
6,000 00 
3,000 00 
1,000 00 

14,500 00 
6,000 00 

$62,000 00 



1888.] PUBLIC DOCUMENT — No. 8. 14. r > 

Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 12, 1887. 
Personally appeared Wm. B. Pigeon, Treasurer of the East Boston Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Coleman Cook, Justice of the Peace. 

Suffolk, ss., Nov. 12, 1887. 
Personally appeared Geo. T. Sampson, Frederick Pease, Rufus Cushman, Geo. L. 
Thorndike and Geo. H. Plummer, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Andrew P. Fisher, Notary Public. 



146 



BANK COMMISSIOISTERS' REPORT. 



[Jan. 



EAST BRIDGEWATER SAVINGS BANK — EAST BRIDGE WATER. 

Incorporated 1870. Number of corporators, 50. 



K. E. Sheldon, President. 



I. N. Nvtter, Clerk. 



I. N. Nutter, Treasurer. 



Names of committee charged with the investment of its funds : 

K. E. Sheldon, Rob't C. Keith, 

Sam'l Keith, John Hobart, 

Aaron Hobart, F. S. Strong. 
Geo. M. Keith, 

Open for business every business day, except Wednesdays, 9 a.m. to 12 m., and 

2 to 4 p.m. 

Statement. 



Assets. 




Liabilities. 


Public funds as per Schedule A, 


$3,970 00 


Deposits, . 


$498,313 93 


Bank stock as per Schedule B, . 


68,6i '0 50 


Earnings undivided, 


10,356 38 


Loan on bank stuck, . 


8S0 00 


Guaranty fund, 


10,607 36 


Railroad bonds, .... 


33,000 00 


Suspense account, . 


100 00 


Real estate (for banking pur- 




- 




poses), 


12,000 00 






Loans on real estate, . 


224,971 00 






Loans on personal security, 


163,749 00 






Loans to counties, cities or towns 








(notes), 


4.000 00 






Deposit in bank, on interest, 


2,799 S9 1 






Expense account, 


469 12 1 






Bank building account, 


279 89 






Cash on hand 


4,658 27 








$519,377 67 


$519,377 67 



Loan on Bank Stock : — 
On 11 shares Freeman's National Bank, Boston, ...... *$880 00 

Invested in real estate (for banking purposes), $12,000 00 

Estimated value of the same, . 12,000 00 

Assessed value of the same, - '. ' . . . 8,400 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 259 

Aggregate amount of the same 225,333 50 

Cash on Deposit in Bank : — 
Tremont National Bank, Boston, $2,799 89 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $25,647 51 

Rate and amount of each semi-annual dividend for the year ) 2\ per cent., f 9,445 69 

ending Oct. 31, 1887 f 2| per cent., 1 10,076 59 

* This loan has been reduced within the legal limit. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



147 



Times for the dividends fixed by the by-laws : first Monday in January 

. and July. 

Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,312 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 113 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, ........ 968 

Number of accounts opened during the year ending Oct. 31, 1887, . 245 
Number of accounts closed during the year ending Oct. 31, 1887, . 119 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : September 6. 



,181 56 
65,806 93 
89,059 04 



1,355 62 
10,000 00 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. Kate. 

1 


Amount. 


Rate. 


$2,799 89 2£ per cent. 
46,900 00 j 5 " 

l 


"$5,000 00 

1 


5£ per cent. 


$311,700 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, . 
To the credit of religious and charitable associations, 
In trust, 




$7,657 80 

12,764 45 

30,228 75 

99,873 61 

194,645 90 

153,143 42 

198.062 83 

6,734 08 

6,722 81 

44,790 57 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Bath, Me., 6s, 

Town of Woburn, Mass.. fis, . 


$2,000 
2,000 


$2,000 00 
2,250 00 


$2,070 00* 
1,900 00 




$4,000 


$4,250 00 


$3,970 00 



* These bonds, being an illegal investment, have been disposed of. 



148 BANK COMMISSIONERS' REPORT. [Jan. 

Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



25 


Natl City Bank, Boston, . 


$2,500 


$2,675 00 


$2,776 75 


10 


Natl Bank of the Common- 












wealth, Boston, . 


1,000 


1,350 


00 


1,225 00 


17 


Nat'l Eagle Bank, Boston, 


1,700 


1,700 00 


1,700 00 


50 


Fourth Nat'l Bank, Boston, 


5,000 


5,650 


00 


5,000 00 


25 


Freeman's Natl Bank, Boston. 


2,500 


2,375 


00 


2,500 00 


35 


Globe Nat'l Bank, Boston, 


3,500 


3,220 


00 


3,500 00 


10 


Hamilton Natl Bank, Boston. 


1,000 


1,225 


00 


1,250 00 


23 


Nl Hide & Leather B'k, Boston. 


2,300 


2,633 


50 


2,300 00 


20 


Market Natl Bank, Boston, 


2,000 


1,830 


00 


2,000 00 


40 


Manufacturers' Nl B'k, Boston 


4,000 


3,780 


00 


4,000 00 


20 


Merchandise Nl Bank, Boston 


2,000 


2,000 


00 


2,000 00 


20 


Nl B'k of No. America, Boston. 


2,000 


2,100 


00 


2,000 00 


50 


Nl B'k of Redemption, Boston. 


5,000 


6,350 


00 


6,500 00 


20 


Shawmut Natl Bank, Boston, 


2,000 


2,500 


00 


2,167 50 


22 


State Nat'l Bank, Boston, 


2,200 


2,552 


00 


2,471 25 


35 


Third Nat'l Bank, Boston, 


3,500- 


3,500 


00 


3,500 00 


25 


Traders' Nat'l Bank, Boston, 


2,500 


_- 2,350 


00 


2,500 00 


50 


Tremont Nat'l Bank, Boston, 


5,000 


5,000 


00 


5,480 00 


40 


Natl Webster Bank, Boston, 


4,000 


4,100 


00 


4,000 00 


50 


Brockton Nl Bank, Brockton, 


5,000 


5,750 


00 


5,150 00 


40 


Home Nat'l Bank, Brockton, 


4,000 


4,800 


00 


4,5.80 00 


20 


First Nl Bank, West Newton. 


2,000' 


2,000 


00 


2,000 00 




$64,700 


$69,440 50 


$68,600 50 



Railroad Bonds. 







Estimated 




\ 


Par Value. 


Market Value. 


Amount Invested. 


Old Colony R.R. 6s, . 


$6,000 


$6,669 00 


$6,000 00 


Eastern R.R. 6s, ... . 


5,000 


6,100 00 


5,000 00* 


Boston, Revere Beach & Lynn R.R. 6s, 


4,000 


4,720 00 


4,000 00 


Newport & Richford R.R. 5s, . 


5,000 


5,400 00 


5,000 00* 


Vermont & Massachusetts R.R. 5s, . 


5,000 


5,500 00 


5,000 00 


Nashua & Rochester R.R. 5s, . 


3,000 


3,150 00 


3,000 00 


Fitchburg R.R. 5s, .... 


5,000 


5,500 00 


5,000 00 




$33,000 


$37,039 00 


$33,000 00 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 14, 1887. 
Personally appeared I. N. Nutter, Treasurer of the East Bridgewatcr Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Robert O. Hakhis, Justice of the Peace. 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 149 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 14, 1887. 
Personally appeared K. E. Sheldon, John Hobart, Samuel Keith, George M. Keith 
and F. S. Strong, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Robert 0. Harris, Justice of the Peace. 



150 



BANK COMMTSSIONERS' REPORT. 



[Jan . 



EAST CAMBRIDGE FIVE CENTS SAVINGS BANK — 

CAMBRIDGE. 

Incorporated 1854. Number of corporators, 39. 

George Stevens, President. Mary L. Stone, Treasurer. 

Mary L. Stone, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. Stevens, James M. Price, 

Joseph H. Tyler, Andrew J. Green. 

Knowlton S. Chaffee, 

Open for business every business day, 9 a.m. to 1 p m. 
Statement. 



Assets. 



Public funds as per Schedule A, 
Hank stock as per Schedule B, 
Loan on bank stock, . 
Railroad bonds, . 
Real estate (for banking pur 

poses), .... 
Real estite bv foreclosure,- 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposits in binks, on interest, 
Deposits in banks, not on in 

terest, .... 
Loans on depositors' books, 
Cash on hand, 



§1,409,830 40 



85,000 00 

126,816 67 

2,200 00 

19,000 00 

3,000 00 
24,359 49 : 
795,128 46 
362*706 Go ' 

8,000 oo : 

61,356 96 

2,000 00 ! 
250 00 I 

1,217 oo ; 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$1,318,9)3 17 
39,384 16 
51,543 07 



81,409,830 40 



Loan on Bank Stock : — 

On 30 shares Lechmere National Bank, Cambridge, $2,200 00 

Invested in real estate (for banking purposes), . . . . . $3,000 00 

Estimated value of the same, 7,000 00 

Assessed value of the same, 7,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 402 79 

Value (by books) of other real estate, held by foreclosure or otherwise, . 24,359 49 

Assessed value of the same, - . . . . 36,230 00 

Net income received during year ending Oct. 31, 1887, 1,030 14 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 401 

Aggregate amount of the same, 477,328 46 

Amount of investments from which no income is received, .... 35,906 65 

Cash on Deposit in Banks, amount in each : — 

Lechmere National Bank, Cambridge, $43,675 65 

Cambridge National Bank, Cambridge, 19,681 31 



1888.] 



PUBLIC DOCUMENT — No. 8. 



151 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $67,218 61 

Rate and amount of each semi-annual dividend for the year 12 per cent., f 23,717 76 

ending Oct. 31, 1887, J 2 per cent., 1 24,048 71 

Times for the dividends fixed by the by-laws : April 15 and October 15. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 9,825 $349,962 23 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 199 106,80175 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 4,839 332,122 18 

Number of accounts opened during the year ending Oct. 31, 1887, 1,212 
Number of accounts closed during the year ending Oct. 31, 1887, • 931 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,802 96 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: January 29. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$42,675 65 

8 681 31 

8.000 00 

40,553 65 


1^ per cent. 

2 

H " 

4 " 


$102,953 00 

65,000 00 

75,000 00 

392,764 00 


4^ per cent. 
4£ " 
4| " 
5 


$107,400 00 

384,139 46 

1,800 00 

675 00 


5J per cent. 
6 " 

7 



Classification of Depositors'' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceed. ni $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$46,149 66 

36,365 74 

89.667 30 

241,207 07 

354,670 14 

550.S43 26 

688,558 23 

7,546 22 

14.370 65 

136,496 25 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Columbus, Ohio, 8s, . 
of Cleveland, Ohio, 6s, . 


$2,000 
3,000 


$2,000 00 
3,000 00 


$2,000 00 
3,000 00 




$5,000 


$5,000 00 


$5,000 00 



152 



BANK COMMISSIONERS' REPORT. 



[Jan 



Schedule B — Detailed Statement of Bank Stocks. 



O i 






Estimated 




o 2 




Par Value. 




Amount Invested 


* g 






Market Value. 




7 


Atlas Natl Bank, Boston, 


$700 


$805 00 


$700 00 


54 


Blackstone Natl Bank, Boston, 


5,400 


5,724 00 


5,400 00 


63 


Boston Natl Bank, Boston, 


6,300 


7,497 00 


6,300 00 


41 


Bunker Hill Nl Bank, Boston, 


4,100 


7,462 00 


4,100 00 


67 


Nl B'k of Commerce, Boston, 


6,700 


8,174 00 


6,700 00 


40 


Natl Bank of the Common- 










wealth, Boston, . 


4,000 


5,480 00 


4,000 00 


30 


Continental Nl Bank, Boston, 


3,000 


3,570 00 


3,000 00 


12 


Eliot Natl Bank, Boston, 


1,200 


1,548 00 


1,200 00 


16 


Natl Exchange Bank, Boston, 


1,600 


2,016 00 


1,600 00 


20 


Faneuil Hall Nl Bank, Boston, 


2,000 


2,780 00 


2,000 00 


50 


First Ward Natl Bank, Boston, 


5,000 


6,500 00 


4,000 00 


21 


Globe Natl Bank, Boston, 


2,100 


1,932 00 


2,100 00 


115 


Nl Hide & Leather B'k, Boston, 


11,500 


13,110 00 


11,500 00 


60 


Howard Natl Bank, Boston, . 


6,000 


6,360 00 


6,000 00 


2 


Massachusetts Nl B'k, Boston, 


500 


530 00 


500 00 


50 


Merchants 1 Natl Bank, Boston, 


5,000 


7,000 00 


5,000 00 


24 


Metropolitan Nl Bank, Boston, 


2,400 


2,712 00 


2,400 00 


20 


New England Nl B'k, Boston, 


2,000 


2,920 00 


2,000 00 


19 


North Natl Bank, Boston, 


1,900 


2,489 00 


1,900 00 


5 


NIB'k of No. America, Boston, 


500 


510 00 


500 00 


10 


Nl B'k of Redemption, Boston, 


1,000 


1,270 00 


1,000 00 


58 


Nl B'k of the Republic, Boston, 


5,800 


8,120 00 


5,800 00 


38 


Natl Revere Bank, Boston, 


3,800 


4,750 00 


3,8' 00 


110 


Third Natl Bank, Boston, . . 


11,000 


11,000 00 


11,000 00 


76 


Tremont Natl Bank, Boston, . 


7,600 


7,600 00 


7,600 00 


5 


Natl Union Bank, Boston, 


500 


720 00 


500 00 


67 


Natl Webster Bank, Boston, . 


6,700 


6,834 00 


6,700 00 


26 


Natl City Bank, Cambridge, . 


2,600 


2,600 00 


2,600 00 


24 


Charles River Natl Bank, 










Cambridge, .... 


2,400 


2,400 00 


2,400 00 


51 


Lechmere Nl B'k, Cambridge, 


5,100 


7,650 00 


5,066 67 


13 


Newton Natl Bank, Newton, . 


1,300 


1,300 00 


1,300 00 


11 


Fall River Nl B'k, Fall River, 


1,100 


1,100 00 


1,100 00 


25 


First Natl Bank, Maiden, 


2,500 


2,500 00 


2,500 00 


15 


First Natl Bank, Marlboro', . 


1,500 


1,500 00 


650 00 


30 


Merchants' Natl Bank, New- 










buryport, .... 


600 


600 00 


600 00 


33 


Concord Natl Bank, Concord, 


3,300 


3,300 00 


3,300 00 




$128,700 


$152,363 00 


$126,816 67 


Railroad Bonds. 






Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... . 


$8,500 


$10,370 00 


$4,000 00* 


Boston & Albany R.R. 7s, 


15,000 


16,500 00 


15,000 00 






$23,500 


$26,870 00 


$19,000 00 



* This was a legal iovestment when made. 



1888.] PUBLIC DOCUMENT — No. 8. 153 

Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 14, 1887. 
Personally appeared Mary L. Stone, Treasurer of the East Cambridge Five Cents 
Savings Bank, and made oath that the foregoing statement, by her subscribed, is a true 
and correct statement of all the resources and liabilities of said institution, and that the 
answers made by her to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to her best knowledge and belief. 
Before me, Joseph H. Tyler, Justice of the Peace. 

Middlesex, ss., Nov. 14, 1887. 
Personally appeared Geo. Stevens, Lewis Hall, Silas B. Buck, H. N. Hovey, A. J. 
Green, J. McSorley, J. G. Ferguson and J. C. Bullard, being five or more of the trustees 
of said corporation, and severally made oath that they have made an examination of the 
affairs of the bank ; that the books and records of said institution indicate the state of 
affairs as above attested by their treasurer; and that they believe said statement to be 
true. Before me, Joseph H. Tyler, Justice of the Peace. 



154 



BANK COMMISSIONERS' REPORT. 



[Jan. 



EASTHAMPTON SAVINGS BANK — EASTHAMPTON. 

Incorporated 1869. Number of corporators, 29. 

J no. Mather, President. Sam'l T. Seelte, Treasurer. 

O. G. Webster, Clerk. 

Names of committee charged with the investment of its funds : 
Jno. Mayher, G. L. Manchester. 

F. C. Green, 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loan on bank stock, . 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, not on interest, 
Expense account, 


$6,000 00 

100,030 75 

1,300 00 

40.600 00 

235,040 00 

69,452 42 

1,163 74 

608 25 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$434,047 77 

2,647 39 

17,500 00 




$454,195 16 


$454,195 16 



Loan on Bank Stock : — 
On 13 shares First National Bank, Easthampton, $1,300 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 190 

Aggregate amount of the same, . . $159,992 42 

Cash on Deposit in Bank : — 
First National Bank, Easthampton, $1,163 74 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $24,230 77 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 7,606 17 

ending Oct. 31, 1887, J 2 per cent., 1 7,966 14 

Times for the dividends fixed by the by-laws : January 23 and July 23. 
Number and amount of deposits (not including dividends) received 

daring the year ending Oct. 31, 1887, 1,709 $116,280 52 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 84 54,397 98 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 966 96,967 02 

Number of accounts opened dining the year ending Oct. 31, 1887, . 307 
Number of accounts closed during the year ending Oct. 31, 1887, . 227 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,886 85 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: April 21. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



155 



Total amount of Loans with each specified Rate of Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Kate. 


$128,255 00 
3,450 00 


fi per cent. 

°4 


$72,300 00 
100,417 42 


5£ per cent. 
6 " 


$1,370 00 


6£ per cent. 



Classification of Depositors' 1 Accounts. 




Amount. 



Wli'»lo number, . . . 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exm-dnui $500 and less than $1,000, . 

Of $1,«>00 or more 

To ilie credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$9 496 67 

11,951 66 

2S,1 10 66 

91.723 45 

155,300 49 

137.461 84 

213,617 50 

7,0S7 93 

5,802 34 

23,097 36 



Schedule A — Detailed Statement of 


Public Funds 






Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Grand Rapids, Mich., 8s, 


$6,000 


$7,300 00 


$6,000 00 





Schedule B — Detailed Statement of Bank Stocks. 



O o 
. u 




Par Value. 


Estimated 
Market Value. 


Amount Invested 


110 
102 
100 

10 

50 
50 
100 
10 
30 


First Natl Bank, Easthampton, 
First Natl Bank, Northampton, 
Northampton Nl Bank, North- 
ampton, .... 
Hampshire County Natl Bank, 

Northampton, 
First Natl Bank, Westfield, . 
First Natl Bank, West Newton, 
Holyoke Natl Bank, Holyoke,. 
Chicopee Nl B'k, Springfield, 
First Natl Bank, Springfield, . 


$11,000 
10,200 

10,000 

1,000 
5,000 
5,000 
10,000 
1,000 
3,000 


$16,500 00 
13,060 00 

17,500 00 

1,250 00 
7,265 00 
5,000 00 
13,500 00 
1,700 00 
4,890 00 


$11,000 00 
10,200 00 

11,311 00 

1,000 00 
7,000 00 
5,000 00 
10,000 00 
1,000 00 
4,890 00 



156 



BAXK COMMISSIONERS' REPOET. 



[Jan. 



Schedule B — Concluded. 



J 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



30 

22 
44 



If if) 
20 
50 

25 



Honsatonic N'l B'k. Stockbr'ge, 
Pittsfield Nat'l Bank. Pittsfield, 
First Nat'l Bank, Lynn, . 

Blackstone Xat'l Bank. Boston. 
X"l B'k of Commerce. Boston, 
XI B'k of Com'vrealth. Boston. 
North Natl Bank. Boston. 
Second Nat'l Bank. Boston, 
State Nat 1 ] Bank. Boston. 



83.00-j 

2,200 

4.400 

2.200 

700 

10.000 
2,000 
5,000 
2.500 



$5,880 00 
3,608 00 

5.500 00 
2.500 00 
840 00 
12.500 Of 
2 600 00 
7,500 00 
3.181 25 



15,880 00 

3,608 00 

4,400 00 

2,200 00 

700 00 

1 fi.nfHi oo 
2,000 00 
6,657 50 
3,181 25 



— .iCo -124.774 25 -loJ.OSO 75 



Railroad Bonds. 



„ _ , Estimated 

Par Value. \mount Invested 
Market Value. 


Boston & Albany R.R. 7s. 
Boston & Maine R.R. 7s. . 
Boston vSr Lowell R.R. 7s. 
Old Colony R.R. 7s. .... 


87.000 |8,000 00 |8,000 00 

13.000 14,840 00 14.000 00 

1.000 1.100 00 1.000 00 

15.UOU 18,000 00 17,600 00 




$36,000 841.940 00 840,600 00 



Commonwealth of Massachusetts. 

Hampshire, ss. Easthampton. Nov. 1", 1887. 

Personally appeared Sam'l T. Seelye, Treasurer of the Easthampton Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth m reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Chas. H. Johnson, Notary Public. 

Hampshire, ss. Easthampton, Nov. 15, 1887. 

Personally appeared F. H. Putnam, Jos. W. Wilson, Geo. L. Manchester, Jno. Mayher, 

O. G. Webster and A. J. Lyman, hieing five or more of the trustees of said con oritinn, 
and severally made oath that they have made an examination of the aflliirts of the hank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Chas. H. Johnson, Notary Public. 



1888.] 



PUBLIC DOCUMENT — Xo. 8. 



157 



EAST AYEYMOUTH SAVINGS BANK— EAST WEYMOUTH. 

Incorporated, 1872. Number of corporators, 30. 



David Tucker, President. 



Joseph A. Cushixg, Treasurer. 



Joseph A. Cushixg, Clerk. 



Names of the committee charged with the investment of its funds : 
Z. L. Bickxell, Johx P. Burrell, 

Joseph Totmax, Charles H. Pratt, 

Joseph A. Cushixg, Hexry F. Bickxell, 

Nathan D. Caxterburt, Leavitt Bates. 

Open for business Monday, Wednesday and Saturday, 2 to 5 p.m. 
Statement. 



Assets. 



Liabilities. 



Public funds as per Schedule A, 


$71,000 00 


Deposits, . 


6354,247 34 


Bank stock as per Schedule B, . 


5,400 00 


Earnings undivided, 


1.4S0 00 


Railroad bonds, .... 


47,000 00 


Guarantv fund, 


11,725 00 


Real estate by foreclosure, 


800 00 






Loans in real estate, . 


223.148 30 






Loans on personal security, 


10,500 00 






Deposit in banK, on interest, 


7,253 36 






Expense account, 


1,167 19 






Interest due and accrued, . 


699 71 






Cash on hand, .... 


483 78 








8367,452 34 


8367,452 34 



Value (by books) of real estate, held by foreclosure or otherwise, . . 8S00 00 

Assessed value of the same, 1,000 00 

Number of outstanding loans which are of an amount not exceeding 83,000 

each 200 

Aggregate amount of the same, 182,761 30 

Amount of investments from which no income is received 800 00 

Cash on Deposit hi Bank : — 
Manufacturers' National Bank, Boston, 87,253 36 

Whole amount of interest or profits received or earned during the year end- 
ing Oct. 31, 1S87, 818,639 07 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 6,471 17 
tmding Oct. 31, 1887, J 2 per cent., { 6,641 43 

Times for tbe dividends fixed by the by-laws : April and October. 

Average annual per cent of dividends for term ending at time of and in- 
cluding last extra dividend : 5 1-5. 

Date of the last extra dividend : April, 1S77. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 660 $64,753 74 

Number and amount of deposits of and exceeding 8300 at any one 
time during the year ending Oct. 31, 1S87, 44 26,870 00 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 18S7, 1,026 59,973 76 



158 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the year ending Oct. 31, 1887, . 175 
Number of accounts closed during the year ending Oct. 31, 1887, . 131 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond 

Date of examination by commissioner : August 29. 



$1,141 19 
20,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposi's in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$7,253 36 
1,450 00 
6,687 00 


2 J per cent. 
4| " 
5 " 


$5,800 00 
170,871 30 


5£ per cent. 
6 


$20,515 00 
28,325 00 


6^ per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $ 00 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, . . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 




$7,419 46 

8,550 15 

21,703 49 

59,294 28 

134,895 97 

122,383 99 

132,or.6 96 

727 40 

17,103 46 

31,969 87 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested 


City of Springfield, Mass., 6s, 


$1,000 


$1,277 00 


$1,000 00 


of Detroit, Mich., 7s, 


2,000 


2,715 00 


2,000 00 


District of Columbia 7s, . 


4,000 


5,250 00 


4,000 00 


City of Grand Rapids, Mich., 8s, 


4,000 


5,350 00 


4,000 00 


of Fall River, Mass., 6s, . 


2,000 


2,687 00 ■ 


2,000 00 


of Boston, Mass., 4s, 


10,000 


10,800 00 


10,000 00 


of Dayton, Ohio, 4s, 


3,000 


3,180 00 


3,000 00 


of Newton, Mass., 6s, 


2,000 


2,675 00 


2,000 00 


of Cleveland, Ohio, 5s, . 


3,000 


3,562 00 


3,000 00 


of Portland, Me., 6s, 


3,000 


3,250 00 


3,000 00* 


of Brockton, Mass., 4s, . 


10,000 


10,300 00 


10,000 00 


of Charlestown, Mass., 6s, 


7,000 


7,700 00 


7,000 00 


Town of South Abington, Mass., 4s, 


5,000 


5,140 00 


5,000 00 


of Weymouth, Mass., 4s, 


11,000 


11,600 00 


11,000 00 


State of Maine 6s, .... 


4,000 


4,200 00 


4,000 00 




$71,000 


$79,686 00 


$71,000 00 



* This was a le^al investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



159 



Schedule B — Detailed Statement of Bank Stocks. 



© O 
>- 

« 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


49 
10 


Union Nat'l Bank, Weymouth, 
Central Nat'l Bank, Boston, . 


$4,900 
1,000 


$5,733 00 
1,600 00 


$4,900 00 
500 00 




$5,900 


$7,333 00 


$5,400 00 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Old Colony R.R. 4±s, 


$5,000 


$5,300 00 


$5,000 00 


Old Colony R.R. 6s, . 


7,000 


8,400 00 


7,000 00 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, .... 


14,000 


15,400 00 


14,000 00 


Boston & Maine R.R. 7s, . 


3,000 


3,600 00 


3,000 00 


Boston & Lowell R.R. 6s, 


3,000 


3,550 00 


3,000 00 


Boston & Lowell R.R. 5s, 


2,000 


2,250 00 


2,000 00 


Lowell & Lawrence R.R. 6s, . 


1,000 


1,200 00 


1,000 00 


Maine Central R.R. 7s, 


7,000 


9,100 00 


7,000 00 


Fitchburg R.R. 4s, . 


5,000 


5,000 00 


5,000 00 




$47,000 


$53,800 00 


$47,000 00 



Commonwealth of Massachusetts. 

Norfolk, ss. East Weymouth, Nov. 7, 1887. 

Personally appeared Jos. A. Cushing, Treasurer of the East Weymouth Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Leavitt Bates, Justice of the Peace. 



Norfolk, ss., Nov. 7, 1887. 
Personally appeared Chas. H. Pratt, Joseph Totman, David Tucker, N. D. Canter- 
bury, Z. L. Bicknell, H..F. Bicknelland John P. Burrell, being five or more of the trustees 
of said corporation, and severally made oath that they have made an examination of 
the affairs of the bank; that the books and records of said institution indicate the 
state of affairs as above attested by their treasurer ; and that they believe said state- 
ment to be true. Before me, Leavitt Bates, Justice of the Peace. 



160 



BANK COMMISSIONERS' REPORT. 



[elan. 



ELIOT FIVE CENTS SAVINGS BANK — BOSTON. 

Incorporated Feb. 4, 1864. Number of corporators, 67. 



John Care, President. 



Geo. C. Leach, Treasurer. 



John F. Newton, Clerk. 



Names of committee charged with the investment of its funds : 
John Carr, Wm. S. Leland, 

Itort Harmon, Gorham Rogers. 

Sam'l B. Hopkins, 

Open for business every business day, 9 a.m. to 4 p.m. 
Statement. 




Loans on Public Funds, amount on each : — 

On $500 City of Bath, Me., 6s, + $350 00 

On §3,800 United States 4s and 4£s, 3,500 00 

Loans on Bank Stock, amount on each : — 

On 50 shares National Bank of Commerce, Boston, $5,000 00 

On 10 shares National Exchange Bank, Boston, 1,000 00 

On 30 shares Peoples' National Bank, Boston, 2,400 00 

Loan on Railroad Bond : — 
On $1,000 Maine Central R R. bond $800 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 86 

Aggregate amount of the same, $141,396 45 

* These loans have been reduced within the legal limit. 

t Loan in process of liquidation. 

J This illegal loan has since been paid. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



161 



Cash on Deposit in Bank : — 
Peoples' National Bank, Boston, 



$10,812 34 



Whole amount of interest or profits received or earned during year ending 
Oct. 31,1887, 



Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 

ending Oct. 31, 1887, I 2 per cent., I 

Times for the dividends fixed by the by-laws : second Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 8,881 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 364 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 5,513 

Number of accounts opened during the year ending Oct. 31, 1887, 1.241 
Number of accounts closed during the year ending Oct. 31, 18S7, . 851 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: May 17. 



$96,396 16 
37,504 87 
37,908 47 



$518,170 27 
211,698 12 
524,541 15 



7,181 18 
5,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


$10,812 34 

147,600 00 

64,(100 00 

527,400 00 


2i per cent. 1 
4 2 « 
v 4i " 
4£ « 

1 


$25,000 00 
100,000 00 
555,600 00 
131,500 00 



Rate. 



4| per cent. 

4| 

5 



Amount. 


Rate. 


$72,346 45 
1,400 00 
1,340 00 
1,550 00 

! 


6 per cent. 
6^ - 
7 
8 



Classification of Depositors" Accounts. 



Whole number, 

Of $50 or less, 

Exceeding 850 and not more than $1^0, 
Exceeding §100 and not more than 8200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



Number. 




Amount. 



$40,166 90 

44,6>9 26 

118,229 93 

321 229 24 

571,805 43 

962,846 60 

,005,718 49 

10,514 52 

19.996 87 

233,437 41 



162 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Boston, Mass., 6s, 


$35,000 


$39,550 00 


$35,000 00 


of Boston, Mass., 4s, 


42,600 


43,665 00 


42,600 00 


of Boston, Mass., 5s, 


25,Q00 


28,500 00 


25,000 00 


State of Maine 6s, . 


1,000 


1,060 00 


1,000 00 


of New Hampshire 6s, . 


2,600 


3,380 00 


2,600 00 


City of Bangor, Me., 6s, . 


4,000 


4,800 00 


4,000 00* 


of Bangor, Me., 7s, . 


1,000 


1,230 00 


1,000 00f 


Town of Woburn, Mass., 6s, . 


8,000 


8,800 00 


8,000 00 


of Marlborough, Mass., 4s, . 


9,000 


9,000 00 


9,000 00 


District of Columbia 5s, . 


7.000 


7,770 00 


7,000 00 


City of Manchester, N. H., 6s, 


10,000 


11,250 00 


10,000 00 


of Lynn, Mass., 5s, . 


10,000 


11,200 00 


10,000 00 


of Portsmouth, N. H., 6s, 


10,000 


10,800 00 


10,000 00* 


of Dover, N.H., 6s, . 


5,900 


6,372 00 


5,900 00 


of Springfield, Mass., 6s, 


20,000 


24,800 00 


20,000 00 


of Taunton, Mass., 6s, 


10,000 


11,400 00 


10,000 00 


of Taunton, Mass., 5s, 


10,000 


10,600 00 


10,000 00 


of Lowell, Mass., 6s, 


13,000 


13,650 00 


13,000 00 


of Lawrence, Mass., 6s, . 


15,000 


16,575 00 


15,000 00 


of Fall River, Mass., 6s, . 


10,000 


12,400 00 


10,000 00 


of Providence, R. L, 5s, . 


20,000 


22,120 00 


20,000 00 


of Providence, R. L, 4^s, . 


5,000 


5,250 00 


5,000 00 


of Chelsea, Mass., 6s, 


15,000 


16,725 00 


15,000 00 




$289,100 


$320,897 00 


$289,100 00 



Schedule B — Detailed Statement of Bank Stocks. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


171 
43 
30 
30 
61 
10 
50 
70 
10 
14 
10 
20 
13 

to 

20 
10 


Peoples' Nat'l Bank, Boston, . 
Shawmut Natl Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Merchants 1 Nat'l Bank, Boston, 
Mt. Vernon Nat'l Bank, Boston, 
Atlantic Nat'l Bank Boston, . 
Continental Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
State Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Columbian Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
N'l B'k of No. America, Boston, 
N'l B'k of Redemption, Boston, 
Naumkeag Nat'l Bank, Salem, 


$17,100 
4,300 
3,000 ' 
3,000 
6,100 
1,000 
5,000 
7,000 
1,000 
1,400 
1,000 
2,000 
l,3i)0 
1,000 
2,000 
1,000 


$27,360 00 
5,418 00 
2,790 00 
4,200 00 
8,378 00 
1,340 00 
6,000 00 
8,050 00 
1,280 00 
1,624 00 
1,030 00 
2,540 00 
1,430 00 
1,050 00 
2,540 00 
1,400 00 


$17,100 00 
4,300 00 
3,000 00 
3,000 00 
6,100 00 
1,000 00 
5,000 00 
7,000 00 
1,000 00 
1,400 00 
1,000 00 
2,000 00 
1,300 00 
1,000 00 
2.000 00 
1,000 00 




$57,200 


$76,430 00 


$57,200 00 



* These were legal Investments when made. 

t This investment was illegal and the bond has been sold. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



1«3 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Inyeste d 


Fitchburg R.R. 5s, . 


$4,000 


$4,100 00 


$4,000 00 


Boston & Albany R.R. 7s, 


10,000 


11.000 00 


10,000 00 


Vermont & Massachusetts R.R. 5s, . 


10,000 


11,200 00 


10,000 00 


Conn. & Passnmpsic Rivers R.R. 7s, 


20,000 


23,000 00 


20,000 00* 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, . 


11,000 


12.650 00 


11,000 00 


Newport & Richford R.R. 5s, . 


22.000 


22,660 00 


22,000 00* 


Old Colony R.R. 6s, . 


6,000 


6,720 00 


6,000 00 


Salem & Lowell R.R. 6s, . 


20,000 


22,600 00 


20,000 00 


Boston & Lowell R.R. 7s, 


9,000 


9,900 00 


9,000 00 




$112,000 


$123,830 00 


$112,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 11, 1887. 
Personally appeared George C. Leach, Treasurer of the Eliot Five Cents Savings Bank, 
and made oath that the foregoing "statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Joseph Goddard, Justice of the Peace. 

Suffolk, ss., Nov. 14, 1887. 
Personally appeared Chas. Hickling, F. O. "White, John Carr, Timothy Smith and 
Lewis W. Morse, being five or more of the trustees of said corporation, and severally 
made oath they that have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer; and that they believe said statement to be true. 

Before me, Joseph Goddard, Justice of the Peace. 



* These were legal investments when made. 



164 



BANK COMMISSIONERS' REPORT. 



[Jan. 



ESSEX SAVINGS BANK— LAWRENCE. 

Incorporated March 12, 1847. Number of corporators, 34. 

Joseph Shattijck., President. James H. Eatox, Treasurer. 

James H. Eatox, Clerk. 

Names of committee charged with the investment of its funds: 
Joseph Shattuck, James H. Kidder, 

Sam'l White, Geo. E. Davis. 

Open for business every business day, except Saturday, 9 a.m. to 1 p.m. 

Statement. 



ASSETS. 




Liabilities. 


Public funds as per Schedule A, 


$5-53,000 00 


Deposits, . 


$5,007,729 62 


Bank stock as per Schedule B, . 


301,550 00 ; 


Earnings undivided, 


133.N04 03 


Loans on bank stock, . 


31,-500 00 ; 


Guaranty fund, 


140,000 00 


Railroad bonds, .... 


358,500 00 






Real estate (for banking pur- 








poses), 


5,000 00 






Real estate bv foreclosure, . 


15.000 00 


. 




Loans on real estate, . 


2,484,0.59 00 






Loans on personal security, 


1,439,450 00 






Deposit in bank, on interest, 


70,»42 67 






Deposit in bank, not on in- 








terest, 


16.450 30 






Cash on hand, .... 


6,181 68 








§5,281,533 65 


$5,281,533 65 



Loans on Bank Stock, amount on each : — 

On 86 shares Pacific National Bank, Lawrence $7,600 00 

On 90 shares Lawrence National Bank, Lawrence, 9,000 00 

On 149 shares Bay State National Bank, Lawrence, 10,100 00 

On 31 shares National Pemberton Bank, Lawrence, . . . . 2,800 00 

On 20 shares Andover National Bank, Andover 2,000 00 

Invested in real estate (for banking purposes), $5,000 00 

Estimated value of the same, 30.000 00 

Assessed value of the same, 29,3-50 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,906 66 

Value (by books) of other real estate, held by foreclosure or otherwise, . 15.000 00 

Assessed value of the same, 29,800 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,000 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 457 

Aggregate amount of the same 527,771 00 

Cash on Deposit in Banks, amount in each : — 

National Hide & Leather Bank, Boston, $70,842 67 

Bay State National Bank, Lawrence, 16,4-50 30 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887 $268,246 12 

it., | 115,205 52 

it., 1 117,336 05 

Times for the dividends fixed by the by-laws: third Wednesday in April 
and October. 



Kate and amount of each semi-annual dividend for the year ) 2£ per cent., 
ending Oct. 31, 1887, T4 per cent 



1888.] 



PUBLIC DOCUMENT — No. 8. 



165 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 20,849 $1,055,853 lf> 

Number and amount of deposits of and exceeding $300 at any one *. 

time during the year ending Oct. 31, 1887, 692 399,076 36 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 9,535 1,089,639 15 

Number of accounts opened during the year ending Oct. 31, 1887, 3,207 
Number of accounts closed during the year ending Oct 31, 1887, 2,484 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 9,920 40 

Amount of treasurer's bond, 25.0J0 00 

Date of examination by commissioner : November 10. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$70,842 67 
135,000 00 
402,200 00 


2£ per cent. 

4 

4£ " 


$1,768,600 00 

142,888 00 

1,482,921 00 


5 per cent. 
5h " 
6 


$10,000 00 
13,400 00 


6£ per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

ExcecdiHir $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



5,225 

5.270 

1,613 

1,859 

2,651 

2,237 

1.595 

8,739 

67 

109 

278 



1,762 55 

121.582 47 

278,575 36 

889,237 89 

1,673,748 06 

1.942>23 29 

2,889,601 57 

41,255 69 

50,963 50 

100,859 48 



Schedule A — Detailed Statement of Public Funds. 









Estimated 






Tar Value. 


Market Value. 


Amount Invested. 


United States Currency 6s, 


$80,000 


$96,000 00 


$80,000 00 


United States 4^s, .1 




100,000 


108,000 00 


100,000 00 


United States 4s, 




100,000 


126,000 00 


100,000 00 


District of Columbia 6s, . 




50,000 


54,000 00 


50,000 00 


City of Lawrence, Mass., 6s, 




38,000 


41,000 00 


38,000 00 


of Lawrence, Mass , 4s, 




80,000 


82,000 00 


80,000 00 


of Fall River, Mass., 6s, 




25,000 


29,000 00 


25,000 00 


of Lynn, Mass., 6s, . 




50,000 


57.000 00 


50,000 00 


of Rockland, Me., 6s, 




14,000 


14,000 00 


14,000 00* 


of Newton, Mass., 5s, 




16,000 


17,000 00 


16,000 00 






$553,000 


$624,000 00 


$553,000 00 



* This was a legal investment when made. 



166 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



% a 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



130 
40 

300 
10 
30 
40 

75 

20 

130 

80 

100 

47 

232 

.100 

25 

25 

15 

51 

200 

46 

150 

100 

225 

250 

27 

100 

100 

100 

60 

10 

250 



Atlas Nat'l Bank, Boston, 
Atlantic Natl Bank, Boston, 
Bay State N'l Bank, Lawrence 
Blackstone Natl Bank, Boston 
Boston Nat'l Bank, Boston, 
Natl Bank of the Common- 
wealth, Boston, 
N'l Bank of Commerce, Boston 
Continental N'l Bank, Boston 
Nat'l City Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Everett Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Howard Natl Bank, Boston, 
N'l Hide & Leather B'k, Boston 
Lawrence N'l Bank, Lawrence 
Lincoln Natl Bank, Boston, 
Massachusetts N'l B'k, Boston 
Maverick Natl Bank, Boston, 
Merchants' Natl Bank, Boston 
Mt. Vernon Natl Bank, Boston 
N'l B'k of No. America, Boston 
North Nat'l Bank. Boston, 
Natl Revere Bank, Boston, 
N'l B'k of the Republic, Boston 
Shawmut Natl Bank, Boston 
Suffolk Nat'l Bank, Boston, 
State Natl Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, 
Natl Union Bank, Boston, 
Nat'l Webster Bank, Boston, 



$13,000 

4,000 

22,500 

1,000 

3,000 

4,000 

7,500 

2,000 

13,000 

8,000 

10,000 

4,700 

23,200 

10,000 

2,500 

2,500 

3,750 

5,100 

20,000 

4.600 

15,000 

10,000 

22,500 

25,000 

2,700 

10,000 

10,000 

10,000 

6,000 

1,000 

25,000 



$301,550 



$15,000 00 

5,300 00 

34,000 00 

1,050 00 

3,500 00 

5,500 00 

9,000 00 

2,300 00 

13,900 00 

10,400 00 

9,400 00 

4,300 00 

24,800 00 

11,400 00 

3,000 00 

2,750 00 

3,800 00 

11,300 00 

28,000 00 

6,300 00 

15,300 00 

13.100 00 

28,100 00 

34,500 00 

3,300 00 

11,400 00 

11,600 00 

10,000 00 

5,600 00 

1,400 00 

25,500 00 



$13,000 00 

4,000 00 

22,500 00 

1,000 00 

3,000 00 



00 
00 
00 
00 



4,000 00 

7.500 00 

2,0C0 

13,000 

8,000 

10.000 

4,700 00 

23,200 00 

10,000 00 

2,500 00 

2,500 00 

3,750 00 

5,100 00 

20,000 00 

4,600 00 

15,000 00 

10,000 00 

22,500 00 

25,000 00 

2,700 00 

10,000 00 

10,000 00 

10,000 00 

6,000 00 

1,000 00 

25,000 00 



$364,800 00 



$301,550 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



\mount Invested. 



Fitchburg R.R. 5s, . 
Boston & Lowell R.R. 7s, 
Boston & Maine R.R. 7s, . 
Eastern R.R. 6s, 
Boston & Lowell R.R. 4^s, 



$5,000 
50,000 
200,000 
53,500 
50,000 



$358,500 



$5,500 00 

55,000 00 

222,000 00 

64,000 00 

52,500 00 



$399,000 00 



$5,000 00 
50,000 00 
200,000 00 
53,500 00* 
50,000 00 



$358,500 00 



* This was a legal investment when made. 



1888.] PUBLIC DOCUMENT — No. 8. 167 

Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887. 
Personally appeared James H. Eaton, Treasurer of the Essex Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference 
to the matters to which they relate, according to his best knowledge and belief. 

Before me, Herbert W. Field, Justice of the Peace. 

Essex, ss., Nov. 15, 1887. 
Personally appeared Joseph Shattuck, J. H. Kidder, Samuel White, H. M Whitney, 
and Chas. U. Bell, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Herbert W. Field, Justice of the Peace. 



168 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FAIRHAVEN INSTITUTION FOR SAVINGS -FAIRHAVEN. 

Incorporated May 10, 1832. Number of corporators, 39. 

Geo. H. Tabeb, President. C. H. Morton, Treasurer. 

C. H. Morton, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. H. Taber, L. M. Snow, 

W. P. Winsor, J. B. Hussey. 

C. D. Hunt, 

Open for business every business day, 9 a.m to 1 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$2fi,500 00 


Deposits, . 


$429,021 94 


Bank stock as per Schedule B, . 


126,620 00 


Earnings undivided, 


1,797 46 


Loans on hank stock, . 


235 00 


Guaranty fund, 


14,346 63 


Real estate (for banking pur- 




Interest, . 


108 50 


poses), 


4,847 45 






Real estate bv foreclosure, . 


33,"06 33 






Loans on real estate, . 


117.908 92 






Loans on personal securitv, 


110.548 00 






Deposit in hank, on interest, 


16,541 05 


, 




Deposit in hank, not on interest, 


4,000 00 




. 


Sea View Hotel and Wharf Co. 








stock, 


4,903 9fi* 






Cash on hand 


163 82 








$445,274 53 


$445,274 53 



Loans on Bank Stock, amount on each : — 

On 5 shares National Bank of Fairhaven, $120 00 

On 3 shares National Bank of Commerce, New Bedford, .... 115 00 

Invested in real estate (for banking purposes), $4.847 45 

Estimated value of the same, 4,847 45 

Assessed value of the same, 3,800 00 

Net income received from same during year ending Oct 31, 1887, . . 50 00 

Value (b\ T books) of other real estate, held by foreclosure or otherwise, . 33.006 33 

Assessed value of the same, 15,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 107 45 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 104 

Aggregate amount of the same, . . 97,602 92 

Cash on Deposit in Bank : — 

National Bank, of Fairhaven, $20,-54105 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887, $20,566 17 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 8,033 69 

ending Oct. 31, 1887 I 2 per o nt , \ 8,023 47 



* Taken to secure indebtedness. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



169 



Times for the dividends fixed by the by-laws : last Monday in April and 

October. 
Number and amount of deposits (not including dividends) received 

during tiie year ending Oct. 31, 1887 273 $50,285 06 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 54 38,814 07 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 392 52,788 00 

Number of accounts opened during the year ending Oct. 31, 1887, . 89 
Number of accounts closed during the year ending Oct. 31, 1887, . . 77 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,956 85 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: August 26. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$16,541 05 
87,400 00 
20,500 00 


2 per cent. 
5 " 
oh " 


$9,956 00 
95,380 92 


5| per cent. 
6 " 


$1,225 00 
11,230 00 


6^ per cent. 

7 



Classification of Depositors' 1 Accounts. 



Whole number, 

Of $50 or loss 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $'20i» and not more than $500, . • 
Exceeding $503 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




Amount. 



$2,955 06 

3,695 20 

1 1 960 52 

47.3*8 09 

113,416 30 

249,n06 77 

148,917 65 

11,94! 72 

4.047 19 

81,271 87 



Schedule A — Detailed Statement of Public Funds. 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Bath, Me., 6s, 

of Belfast, Me., 6s, . 
Town of Fairhaven, Mass., 7s, 



$5,000 

6,500 

15,000 



$5,000 00 

6,500 00 

17,000 00 



$26,500 $28,500 00 



$5,000 00* 
6,500 00* 
15,000 00 



$26,500 00 



* These were legal investments when made. 



170 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank, Stocks. 



o c; 
O 03 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


158 
68 
90 
80 
40 
90 
50 
40 
60 
80 
50 
80 
50 
35 
25 

100 


Natl Bank of Fairhaven, 
Mechanics 1 N'l B'k, N. Bedford, 
First Nat'l Bank, New Bedford, 
Citizens 1 Nat'l B'k, N. Bedford, 
Natl Bank of Commerce, N. B., 
N'l B'k of Commerce, Boston, 
Eliot Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
N'l B'k of the Republic, Boston, 
State Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, . 
N'l B'k of No. America, Boston, 
Continental Nat'l B'k, Boston, 
Manufacturers' N'l B'k, Boston, 
Nat'l Webster Bank, Boston, . 
Boston Nat'l Bank, Boston, 


$12,640 
6,800 
9.000 
8,000 
4,000 
9,000 
5,000 
4,000 
6,000 
8,000 
5,000 
8,000 
5,000 
3,500 
2,500 
10,000 


$13,430 00 

11,220 00 

13,050 00 

10,720 00 

4,880 00 

11,610 00 

6,750 00 

5,360 00 

8,400 00 

9,600 00 

5,800 00 

8,480 00 

5,900 00 

3,500 00 

2,625 00 

12,400 00 


$12,640 00 

10,880 00 

12,150 00 

10,400 00 

4,800 00 

10,350 00 

6,500 00 

5,160 00 

7,740 00 

9,200 00 

5,500 00 

8,000 00 

5,300 00 

3,500 00 

2,500 00 

12,000 00 




$106,440 


$133,725 00 


$126,620 00 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 22, 1887. 
Personally appeared C H. Morton, Treasurer of the Fairhaven Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to bis best knowledge and belief. 

Before me, Benj. T. Dunn, Justice of the Peace. 



Bristol, ss , Nov. 22, 1887. 
Personally appeared Reuben Nye, George H. Taber, Levi M. Snow, P. E. Terry 
and George D. Hammond, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, Benj. T, Dunn, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



171 



FALL RIVER FIVE CENTS SAVINGS BANK — FALL RIVER. 

Incorporated April 10, 1853. Number of corporators, 59. 

Walter C. Durfee, President. Chas. J. Holmes, Treasurer. 

John P. Slade, Clerk. 

Names of committee charged with the investment of its funds : — 
Walter C. Durfee, Leontine Lincoln, 

Sam'1 M. Brown, Chas. E. Gifford. 

Edwin Shaw, 

Open for business eveiw business day, 9 a.m. to 2 p.m. 



Statement. 



Assets. 



Public funds as per Schedule A, 

Bank stock as per Schedule B, . 

Railroad bonds, .... 

Real estate (for banking pur- 
poses), 

Real estate by foreclosure, 

Loans on real estate, . 

Loans on personal security, 

Loans to counties, cities or towns 
(notes), 

Expense account, 

Border City M'f'g Co. stock, 

Cash on hand, .... 



$10,000 00 

338,600 00 

70,000 00 

45.000 00 

4 550 00 

770,580 00 

466,800 00 

27.000 00 

1,697 15 

27.000 00* 

978 06 



$ 1,792,205 21 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



,708,327 87 
51,496 75 
32,380 59 



81,792,205 21 



Invested in real estate (for banking purposes), $15,000 00 

Estimated value of the same, 50,000 00 

Assessed value of the same, 50,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 2,307 12 

Value (by books) of other real estate, held by foreclosure or otherwise, . 4,550 00 

Assessed value of the same, 4,550 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, . 292 

Aggregate amount of the same, 384,580 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, . $116,420 96 

Rate and amount of each semi-annual dividend for the year ) 2 1 per cent., ( 35,061 02 

ending Oct. 31, 1887, J 2£ per cent., I 37,387 47 

Times for the dividends fixed by the by-laws : second Monday in June and 

December. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 8,370 $416,239 99 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 319 217,428 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 3,524 249,066 61 

* Taken to secure indebtedness. 



172 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during? the year ending? Oct. 31, 1887, 1,601 
Number of accounts closed during the year ending? Oct. 31, 18n7, . 732 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: August 23. 



$3,664 83 
20,000 00 



Total amount of Loans with each specified Rate of Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$10,000 00 
96,000 00 


4^ per cent. 
A& << 

^4 


$202,600 00 
888,580 00 


5 per cent. 


$20,000 00 
47,200 00 


5f per cent. 
6 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding? $">0 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceediiii? $200 and not more th;in $500, 
Exceeding $500 and less than $ 1 ,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the en dit of guardians, . 
To the credit of religious and charitable associations, 
In trust, 



6,781 
-3,*13 

- 473 

- 504 
691 
508 

,— 792 

2,852 

22 

35 

326 



$66,409 87 

30.944 00 

72,691 00 

231.337 00 

366,497 00 

.940 449 00 

733.135 28 

13,081 00 

12 157 56 

260,141 46 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States Currency 6s, 



$40,000 



$52,600 00 



$40,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O Q> 

'— 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


50 


Atlantic Natfl Bank, Boston, . 


$5,000 


$6,700 00 


$5,000 00 


130 


Atlas Nat 1 l Bank, Boston, 


13,000 


15,340 00 


13,000 00 


120 


Blackstone Nat 1 l Bank, Boston, 


12,000 


13,020 00 


12,000 00 


35 


Boston Nat'l Bank, Boston, . 


3,500 


4,165 00 


3,500 00 


110 


Continental Natfl B'k, Boston, 


11,000 


13,200 00 


11,000 00 


15 


Eliot Natf] Bank, Boston, 


1,500 


1,920 00 


1,500 00 


130 


Everett Nat'] Bank, Boston, . 


13,000 


12,740 00 


13,000 00 


100 


Faneuil Hall N T, l IVk, Boston, . 


10,000 


14,000 00 


10,000 00 


50 


First National Bank, Boston, . 


5,' 00 


11.087 00 


5,000 00 


200 


Howard Nat 1 ! Bank, Boston, . 


20,000 


22,000 00 


20,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



173 



V* ~ 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



16 
111 

60 

85 

100 

10 

50 

180 

106 

57 

80 

30 

120 

170 

100 

168 

300 

94 

50 

412 

100 

20 

27 



Lincoln Nat'l Bank, Boston, . 
Merchandise N'l B'k, Boston, . 
Metropolitan N'l B'k, Boston, 
Monument Nat'l Bank, Boston, 
Natl City Bank, Boston, . 
N'l B'k of Commerce, Boston, 
N'l Exchange Bank, Boston, . 
N'l Hide & Leather B'k,Boston, 
N'l B'k of No. America, Boston, 
N'l B'k of Redemption, Boston, 
Nat 1 Revere Bank, Boston, 
Nat'l Webster Bank, Boston, . 
Shawmut Nat'l Bank, Boston, . 
Shoe & Leather N'l B'k, Boston, 
Third Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
First Nat'l Bank, Chelsea, 
Metacomet N'l B'k, Fall River, 
Nat'l Union Bank, Fall River, . 
Second Nat'l Bank, Fall River, 
First Nat'l Bank, Maiden, 
First Nat'l Bank, Oxford, 
Palmer Nat'l Bank, Palmer, . 



$1,600 

11,100 

6,000 

8,500 

10,000 

1,000 

5,000 

18,000 

10,600 

5,700 

8,000 

3,000 

12,000 

17,000 

10,000 

16,800 

30,000 

9,400 

5,000 

41,200 

10,000 

2,000 

2,700 



$1,776 00 

11,100 00 

6,900 00 

18,827 00 

10,700 00 

1,230 00 

6,350 00 

21,015 00 

11,130 00 

7.239 00 
10,000 00 

3,090 00 
15,120 00 
17,170 00 
10,050 00 
15,960 00 
40,500 00 
11,750 00 

4,500 00 
55,620 00 
13,000 00 

2.240 00 
2,970 00 



$1,600 00 

11,100 00 

6,000 00 

8,500 00 

10,000 00 

1,000 00 

5,000 00 

18,000 00 

10,600 00 

5,700 00 

8,000 00 

3.000 00 

12.000 00 

17,000 00 

10,000 00 

16,800 00 

30,000 00 

9,400 00 

5,000 00 

41,200 00 

10,000 00 

2,000 00 

2,700 00 



$338,600 



$412,409 00 



$338,600. 00 



Railroad Bonds. 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Rutland R.R. 5s, 


• 


$100,000 


$90,000 00 


$70,000 00* 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 15, 1887. 
Personally appeared Charles J. Holmes, Treasurer of the Fall River Five Cents Sav- 
ings Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, William S. Gkeexe, Justice of the Peace. 

Bristol, ss., Nov. 15, 1887. 
Personally appeared Walter C. Durfee, Sam'l M. Brown, Chas. E. Gilford, Edwin 
Shaw and Leontiue Lincoln, being five or more of the trustees of said corporation, and 
severally made oath or affirmation that they have made an examination of the affairs of 
the bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, Chas. J. Holmes, Justice of the Peace. 



* This was a legal investment when made. 



174 



BANK COMMISSIONERS' REPORT. 



[Jan. 



FALL RIVER SAVINGS BANK — FALL RIVER. 

Incorporated 1828. Number of corporators, 123. 
Wm. Lixdsey, President. C. A. Bassett, Treasurer. 



-, Clerk* 



Names of committee charged witb the investment of its funds 

Wm. Lixdsey, G. H. Hathaway, 

James C. Epdy, Robert C. Bkown. 

Henky C. Hawkins, 

Open for business every business day, 9 a m. to 2 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$533,462 50 


Deposits, . 


$5,459,623 53 


Bank stock as per Schedule B, . 


736,800 00 i 


Earnings undivided, 


106,215 34 


Loans < n bank stock, 


8,600 00 


Guaranty fund, 


141,600 00 


Railroad bonds, .... 


376,417 50 






Railroad notes, .... 


25,000 00 






Real estate (for banking pur- 








poses), 


45,000 00 






Loans on real estate, . 


1,848,370 00 






Loans on personal security, 


1,667,075 00 






Loans to counties, cities or towns 








(notes), 


157,500 00 






Deposits in banks, on interest, . 


272,500 00 






Deposits in banks, not on interest, 


20,000 00 






Expense account, 


853 70 






Loans on depositors' books, 


500 00 






Stock of American Linen Mills, 


12,500 00f 






Cash on hand, .... 


2,860 17 








$5,707,438 87 


$5,707,438 87 



Loans on Bank Stock, amount on each : — 

On 47 shares Fall River National Bank, Fall River, 
On 20 shares Metacomet National Bank, Fall River, 
On 5 shares Pocasset National Bank, Fall River, 
On 9 shares Massasoit National Bank, Fall River, 
On 10 shares^Pocasset National Bank, Fall River, 
On 1 share Fall River National Bank, Fall River, 



Invested in real estate (for banking purposes), 

Estimated value of the same, 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 
Number of outstanding loans which are of an amount not exceeding 

each, 

Aggregate amount of the same, 



1 
I 
\ $7,500 00 



% 1,000 00 
100 00 

$45,000 00 

45,000 00 

45,400 00 

500 00 



,000 
561 



742,645 00 



* Office vacant by death. 

X ThiB loan was legal when made. 



f Taken to secure indebtedness. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



175 



Cash on Deposit in Banks, amount in each : — 

Metacomet National Bank, Fall River $110,500 00 

Massasoit National Bank, Fall River, 77,000 00 

Fall River National Bank, Fall River, 90,000 00 

National Bank of Redemption, Boston 15,000 00 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 $355,398 41 

Rate and amount of each semi-annual dividend for the year j 2\ per cent., f 116 379 98 
ending Oct 31, 1887, J 2£ per cent., 1 118,723 41 

Times tor the dividends fixed by the by-laws : first Monday in April and 
October. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 4 83£. 

Date of the last extra dividend : October 2, 1882. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887 9,133 $791,122 37 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 656 409,182 52 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887, 8,052 832,169 65 

Number of accounts opened during the year ending Oct. 31, 1887, 1,873 

Number of accounts closed during the year ending Oct. 31, 1887, 1,520 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 11,656 35 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner: August 11. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Kate. 


$15,000 00 

2,500 00 

30,000 00 

59,000 00 


2 per cent. 
3| 


$3,000 00 
197,000 00 
100,000 00 
110,000 00 


4 per cent. 

43 •< 
5 

4 J 


$1,425,672 00 

1,788,454 00 

248,869 00 

50 00 


5 per cent. 

6 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than \ 

Exceeding $200 and not more than $500^ 

Exceeding $5v0 and less than $1,000, . 

Of $1,000 or more, . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 




$41,654 35 

72,190 79 

185,265 90 

682,238 45 

1,430,466 0i 

3,047,807 96 

2,697,297 98 

50,865 80 

42,943 62 

1,154,051 41 



176 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


District of Columbia 7s, . 


$3,000 


$3,960 00 


$1,050 00 


County of Hampden, Mass., 3s, 


15,000 


13,090 00 


15,000 00 


County of Bristol, Mass., 3|s, . 


30,000 


29,850 00 


30,000 00 


City of Boston. Mass., 5s, 


100,000 


113,250 00 


100,000 00 


of Cambridge, Mass., 4s, 


80,000 


80,000 00 


80,000 00 


of Cambridge, Mass, 3^s, 


61,000 


57,687 50 


61,000 00 


of New Bedford, Mass., 3^s, . 


30,000 


28,000 00 


30,000 00 


of Lynn, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 


of Waltham, Mass., 4s, . 


72,000 


72,000 00 


72,000 00 


of Gloucester, Mass., 4s, . 


15,000 


15,000 00 


15,000 00 


of Someryille, Mass., 5s, . 


9,000 


9,112 50 


9,112 50 


of Fall River, Mass., 6s, . 


32,000 


39,394 00 


32,940 00 


of Fall River, Mass., 5s, . 


9,000 


9,844 00 


9,360 00 


of Fall River, Mass., 4s, . 


30,000 


30,000 00 


30,000 00 


Town of Belmont, Mass., 4s, . 


35,000 


35,000 00 


35,000 00 




$531,000 


$546,188 00 


$533,462 50 



Schedule B — Detailed Statement of Bank Stocks. 



^ CO 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



715 
935 
432 
150 
220 

500 
420 

330 
150 
400 
300 
160 
200 
400 
250 
300 
232 
200 



Fall River N'l Bank, Fall River 
Metacomet N'l B'k, Fall River 
Massasoit N'l Bank, Fall River 
Second Nat'l Bank, Fall River 
Merchants' Nat'l Bank, New- 
Bedford, 
First N'l Bank, New Bedford 
Nat'l Bank of Commerce, New 

Bedford, 
First Nat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Faneuil Hall N'l Bank, Boston 
Howard Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston 
N"l Bank of Commerce, Boston 
N'l B'k of No. America, Boston 
N'l Hide & Leather B'k, Boston 
Nat'l Revere Bank, Boston, 
Second Nat'l Bank, Boston, 
Washington N'l Bank, Boston 



$71,500 
93,500 
43,200 
15,000 

22,000 
50,000 

42,000 
33,000 
15,000 
40,000 
30,000 
16,000 
20,000 
40,000 
25,000 
30,000 
23,200 
20,000 



$629,400 



>,225 00 

112,200 00 

71,280 00 

20,250 00 

39,600 00 

70,000 00 

50,400 00 

73,930 00 

19,200 00 

56,000 00 

32,400 00 

22,400 00 

24,400 00 

42,000 00 

28,500 00 

37,500 00 

34,800 00 

21,800 00 



$841,885 00 



$79,110 00 

106,590 00 

64,950 00 

15,000 00 

28,600 00 
55,000 00 

46,200 00 

61,050 00 

15,000 00 

46.000 00 

30,000 00 

20,400 00 

20,000 00 

40,000 00 

25,000 00 

30,000 00 

31,900 00 

22,000 00 



$736,800 00 



1888.] 



PUBLIC DOCUMENT — No. 8 



177 



Bailroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested 


Boston & Albany R.R. 7s, 


$25,000 


$27,937 50 


$27,937 50 


Boston & Albany R.R. 6s, 


100,000 


112,850 00 


102,400 00 


Fitchburg R.R,. 5s, . 


15,000 


16,725 00 


15,000 00 


Old Colony R.R. 4is, 


50,000 


53,000 00 


53,750 00 


Old Colony R.R. 6s, . . 


77,000 


89,091 00 


82,580 00 


Old Colony R.R. 7s, . 


13,000 


15,210 00 


13,650 00 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, . 


20,000 


22,950 00 


22,700 00 


New Bedford R.R. 7s, . 


5,000 


5,850 00 


5,700 00 


N". Y., Providence & Boston R.R. 7s, 


10,000 


12,650 00 


12,850 00 


Boston & Providence R.R. 7s, . 


10,000 


11,468 00 


11,800 00 


Leeds & Farmington R.R. 6s, . 


15,000 


17,144 00 


17,400 00 


Androscoggin & Kennebec R.R. 6s, 


10,000 


10,650 00 


10,650 00 




$350,000 


$395,525 50 


$376,417 50 



Commonwealth of Massachusetts. 
Bristol, ss. Fall River, Nov. 8, 1887. 

Personally appeared C. A. Bassett, Treasurer of the Fall River Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, I. P. Gardner, Justice of the Peace. 



Bristol, ss. Fall River, Nov. 8, 1887. 

Personally appeared Wm. Lindsey, G. H. Hathaway, R. C. Brown, James C. Eddy 
and H. C. Hawkins, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, I. P. Gardner, Justice of the Peace. 



178 



BANK COMMISSIONERS' KEPORT. 



[Jan. 



FARMERS' AND MECHANICS' SAVINGS BANK — SOUTH 

FRAMINGHAM. 

Incorporated April 23, 1883. Number of corporator?, 28. 

Willard Howe, President. Geo. E. Cutler, Treasurer. 

S. G. Davenport, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. E. Cutler, Willis M. Ranney, 

Joseph W. Bullard, H. L. Sawyer, 

Franklin Exslin, Chas. D. Lewis. 

pen for business every business day, 8 a.m. to 12 m., 2 to 4 p.m., and Saturday, 

8 a.m. to 12 M. 

Statement. 



Assets. 



Hank stock as per Schedule, 


$21,664 75 


Loans on real estate, . 


162,785 00 


Loans on personal security, 


49.775 00 


Depo^i r in hank, on interest, 


2,500 00 


Dcpnsii in bank, not on interest, 


5,235 4S 


Interest account, 


86 30 


Hxture account, 


178 00 


Cas-h on hand, .... 


177 42 




$242,401 95 



Liabilities. 



Deposits, . 
Guaranty fund, 



5240.471 95 
1,930 00 



$242,401 95 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 127 

Aggregate amount of the same, $147,460 00 

Cash on Deposit in Banks, amount in each : — 
South Framingham National Bank, South Framingham, .... $5,235 48 
Holliston National Bank, Holliston, 2,500 00 

Whole amount of interest or profits received or earned during year ending 
Oct. 31,1887, $11,749 03 

Rate and amount of each semi-annual dividend for the year | 2£ per cent., f 4,322 20 
ending Oct. 31, 1887, J 2£ per cent., 1 5,069 78 

Times for the dividends fixed by the by-laws : first Tuesday in April and 
October. 

Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct/31, 1887, 1,588 $129,635 56 

Number and amount of deposits of and exceeding $300 at any one time 
during the year ending Oct. 31, 1887, 101 53,305 81 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31. 1887, 647 80,767 41 

Number of accounts opened during the year ending Oct. 31, 1887, . 402 

Number of accounts closed during the year ending Oct. 31, 1887, . 152 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,224 36 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: June 27. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



179 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$2,500 00 
44,800 00 


1\ per cent. 
5 " 


$20,200 00 


5£ per cent. 


$147,560 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, .... 

Of $50 or less 

Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
In trust, 




$5,789 36 
9,222 98 
28,465 85 
70,231 28 
75,599 09 
51,163 39 
90,926 66 
3.989 57 
13,043 60 



Detailed Statement of Bank Stocks. 



© o 






Estimated 




O « 




Par Value. 




Amount Invested. 


* £ 






Market Value. 




24 


FraminghamNl Bank, Fram- 










ingham, 


$2,400 


$3,480 00 


$3,345 75 


5 


So. Framing-ham Natl Bank, 










So. Framingham, . 


500 


500 00 


540 00 


26 


Holliston Nl Bank, Holliston, 


2,600 


3,250 00 


3,142 25 


9 


Northborough Nl B'k, North- 










borough, .... 


900 


1,125 00 


1,134 00 


10 


First Nl Bank, West Newton, 


1,000 


1,000 00 


1,000 00 


5 


First Natl Bank, Chelsea, 


500 


660 00 


650 00 


21 


Continental N'l Bank, Boston, 


2,100 


2,499 00 


2,525 25 


16 


Eliot Natl Bank, Boston, 


1,600 


2,064 00 


2,084 00 


40 


Market Natl Bank, Boston, . 


4,000 


3,660 00 


3,908 25 


10 


Natl Revere Bank, Boston, 


1,000 


1,250 00 


1,252 50 


9 


Second Natl Bank, Boston, 


900 


1,350 00 


1,358 25 


6 


Shawmut Natl Bank, Boston, 


600 


756 00 


724 50 




$18,100 


$21,594 00 


$21,664 75 



180 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Middlesex, ss.,Nov. 10, 1887. 
Personally appeared George E. Cutler, Treasurer of the Farmers' and Mechanics' 
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a 
true and correct statement of all the resources and liabilities of said institution, and that 
the answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and belief. 
Before me, S. A. Phillips, Justice of the Peace. 

Middlesex, ss., Nov. 10, 1887. 
Personally appeared Willard Howe, Stearns G. Davenport, Jos. W. Bullard, Willis 
M. Ranney and H. L. Sawyer, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, S. A. Phillips, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



181 



FITCHBURG SAVINGS BANK— FITCHBURG. 

Incorporated Feb. 12, 1846. Number of corporators, 55. 

Thornton K. Ware, President. Charles J. Billings, Treasurer. 

Ebenezer Bailey, Clerk. 

Names of committee charged with the investment of its funds : 

Rodney Wallace, Daniel Cross, 

Sam'l E. Crocker, Carmi M. Parker. 

Reuben R. Conn, 

Open for business every business day, 9 a.m. to 3 p.m., except Saturday, close at 2 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$179,222 50 


Deposits, . 


$2,331,505 92 


Bank stock as per Schedule B, . 


218,196 00 


Earnings undivided, 


33,478 65 


Loans on bank stock, . 


10,100 00 


Guarantv fund, 


73,000 00 


Railroad Donds, .... 


149,000 00 






Real estate (for banking pur- 








poses), 


150,000 00 






Real estate by foreclosure, 


36,475 00 






Loans on real estate, . 


858,100 00 






Loans on personal security, 


798,088 12 






Loans to counties, cities or towns 








(notes), . . 


25,000 00 






Deposit in bank, on interest, 


6,131 64 






Deposit in bank, not on in- 








terest, 


5,000 00 






Expense account, 


425 96 






Cash on hand, .... 


2,245 85 








|2,437,984 57 


$ 2,437,984 57 



Loans on Bank Stock, amount on each : — 
On 122 shares Safety Fund National Bank, Fitchburg, 
On 10 shares Fitchburg National Bank, Fitchburg, 



$9,100 00 
1,000 00 



Invested in real estate (for banking purposes), . . . . . . $150,000 00 

Estimated value of the same, 150,00000 

Assessed value of the same, 120,000 00* 

Net income received from same during year ending Oct. 31, 1887, . . 1,412 56 

Value (by books) of other real estate, held by foreclosure or otherwise, . 36,475 00<' 

Assessed value of the same, 32,350 00 

Net income received from same during year ending Oct. 31, 1887, . . 980 11 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 268 

Aggregate amount of the same 352,000 00 

Amount of investments from which no income is received, .... 1,775 00 



182 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Maverick National Bank, Boston, $6,131 64 

Fitchburg National Bank, Fitchburg, 5,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $131,04124 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 44,222 37 

ending Oct. 31, 1887, J 2 percent.,! 44,935 19 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 3,460 $410,833 39 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 379 252,667 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 2,690 433,481 44 

Number of accounts opened during the year ending Oct. 31, 1887, . 856 
Number of accounts closed during the year ending Oct 31, 1887, . 789 
Amountof expenses of the corporation during the year ending Oct. 31, 1887, 5,102 42 

Amount of treasurer's bond, . 25,000 00 

Date of examination by commissioner: October 27. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$6,131 64 

36,900 00 

103,688 12 

122,600 00 


2£ per cent. 
4 " 
4£ " 
4| 


$945,050 00 

297,600 00 

25,000 00 


5 per cent. 
5| " 


$157,750 00 

500 00 

2,200 00 


6 per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, . . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associat 

In trust, 



ons, 




$27,553 86 

40,922 27 

106,731 15 

390,294 71 

735,266 89 

1,030,737 04 

1,2 1 2,833 72 

20,758 89 

35,731 85 

201.273 19 



1888.] PUBLIC DOCUMENT — No. 8. 183 

Schedule A — Detailed Statement of Public Funds. 







Estimated 






Tar Value. 


Market Value. 


Amount Invested. 


United States 4s, ... 


$50,000 


$63,375 00 


$50,000 00 


City of Fitchburg, Mass., 6s, 




52,000 


57,720 00 


48,625 00 


of Fitchburg, Mass., 3^s, 




15,000 


14,550 00 


15,000 00 


of Norwich, Ct., 7s, . 




17,000 


21,760 00 


17,935 00 


of Keene, N. H., 3£s, 




12,000 


11,400 00 


12,000 00 


of Portland, Me., 6s, 




5,000 


5,900 00 


4,662 50* 


of Springfield, Mass., 7s, 




1,000 


1,000 00 


1,000 00 


Town of Turner's Falls, Mass., 4s, . 


30,000 


30,000 00 


30,000 00 






$182,000 


$205,705 00 


$179,222 50 



Schedule B — Detailed Statement of Bank Stocks. 



s- r. 
C o> 
, i- 

O « 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


153 
113 
170 

200 

100 

5 

100 

30 

200 
200 
150 
133 
116 
100 
150 
100 
66 
100 

100 


Fitchburg Nl Bank, Fitchburg, 
Rollstone N'l Bank, Fitchburg, 
Safety Fund Nl B'k, Fitchburg, 
First Natl Bank, Leominster,f 
First Nat'l Bank, Ashburnham, 
Townsend Nl B'k, Townsend, 
City Nat'l Bank, Worcester, . 
Quinsigamond Natl Bank, 

W orcester 
Crocker N'l B'k, Turner's Falls, 
Merchants' Natl Bank, Boston, 
Howard Nat'l Bank, Boston, . 
Boston Nat'l Bank, Boston, 
North Nat'l Bank, Boston, 
Lincoln Natl Bank, Boston, . 
Natl Revere Bank, Boston, 
N'l Hide & Leather B'k, Boston, 
Nl B'k of No. America, Boston, 
Nat'l Bank of Commerce, New 

Bedford, .... 
Citizens' N'l B'k, New Bedford, 


$15,300 
11,300 
17,000 
20,000 
10,000 
500 
10,000 

3,000 
20,000 
20,000 
15,000 
13,300 
11,600 
10,000 
15,000 
10,000 

6,600 

10,000 
10,000 


$22,950 00 
16,950 00 
18,700 00 
1,000 00 
10,000 00 
600 00 
13,400 00 

3,600 00 
26,000 00 
28,300 00 
16,162 50 
15,827 00 
15,196 00 
11,162 50 
18,750 00 
11,450 00 

6,913 50 

12,000 00 
13,350 00 


$16,736 00 
12,210 00 
18,050 00 
2,200 00 
10,000 00 
500 00 
10,000 00 

3,000 00 
20,000 00 
20,000 00 
15,000 00 
13,300 00 
11,600 00 
10,000 00 
15,000 00 
11,600 00 

6,600 00 

12,400 00 
10,000 00 




$228,600 


$262,311 50 


$218,196 00 



* This was a legal investment when made. 

t The affairs of this bank are in liquidation ; 90 per cent, has been paid to the stockholders. 



184 



BANK COMMISSIONERS' REPORT. [Jan 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitchburg R.R. 5s, . 
Fitchburg R.R. 4|s, . 
Fitchburg R.R. 4s, . 
Vermont & Massachusetts R.R. 5s, . 


$34,000 
45,000 
50,000 
16,000 


$35,700 00 
45,000 00 
48,000 00 
16,880 00 


$36,800 00 
45,000 00 
50,000 00 
17,200 00 




$145,000 


$145,580 00 


$149,000 00 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 21, 1887. 
Personally appeared Charles J. Billings, Treasurer of the Fitchburg Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief. 

Before me, Ebenezer Bailey, Justice of the Peace. 



Worcester, ss., Nov. 21, 1887. 
Personally appeared Thornton K. Ware, Reuben R. Conn, Daniel Cross, Samuel E. 
Crocker, Carmi M. Parker and Ebenezer Torrey, being five or more of the trustees of 
said corporation, and severally made oath that they have made an examination of the 
affairs of the bank ; that the books and records of said institution indicate the state 
of affairs as above attested by their treasurer; and that they believe said statement to 
be true. Before me, Ebenezer Bailey, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



185 



FLORENCE SAVINGS BANK — FLORENCE. 

Incorporated 1873. Number of corporators, 38. 

A. T. Lilly, President. M. W. Bond, Treasurer. 

M. W. Bond, Clerk. 

Names of committee charged with the investment of its funds : 

A. T. Lilly, L. F. Plimpton, 

Samuel Porter, W. L. Wilcox. 

H. F. Cutler, 

Open for business every business day, 10 a.m. to 2 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 
Expense account, 
Cash on hand, .... 


$8,000 00 

11,500 00 

3,000 00 

118,477 00 

59,896 50 

14,904 15 

144 15 

610 04 


Deposits, . 
! Earnings undivided, 
! Guaranty fund, 


$209,509 81 

680 36 

6,341 67 




$216,531 84 


$216,531 84 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 148 

Aggregate amount of the same, $102,398 50 

Cash on Deposit in Banks, amount in each : — 

Hampshire County National Bank, Northampton, $10,404 15 

Home National Bank, Holyoke 3,500 00 

Northampton National Bank, Northampton, 500 00 

First National Bank, Easthampton, 500 00 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $10,827 40 

Rate and amount of each semi-annual dividend for the year I 2 per cent., f 3,884 35 
ending Oct. 31, 1887, J 2 per cent., 1 3,960 43 

Times for the dividends fixed by the by-laws : second Tuesday in April and 
October. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 5. 

Date of last extra dividend : April, 1884. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,518 $51,597 79 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 27 14,095 71 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887 717 45,447 22 



186 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of accounts opened during the year ending Oct. 31, 1887, . 220 
Number of accounts closed during the year ending Oct. 31, 1887, . 130 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : February 7. 



$1,183 81 
10,000 00 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$11,404 15 
3,500 00 


3 per cent. 
3i " 


$65,912 50 


5 per cent. 


$112,461 00 


6 per cent. 



Classification of Depositors'* Accounts. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $5u0, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$8,888 45 

8.008 17 

18,183 97 

46,785 51 

57,929 30 

69,714 41 

106.968 81 

766 83 

1,756 02 

4,604 02 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town of Abington, Mass., 4s, 



,000 $8,200 00 



5,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



V. r. 
© O 

>- 

6 « 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


60 
55 


Hampshire County Nat'l Bank, 

Northampton, 
Home NatU Bank, Holyoke, . 


1 

$6,000 j $7,500 00 
5,500 j 5,775 00 


$6,000 00 
5,500 00 




$11,500 


$13,275 00 


$11,500 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



187 



Railroad Bonds. 





Par "Value. 


Estimated 
Market Value. 


Amount Invested. 


Vermont & Massachusetts R.R. 5s, . 
Old Colonv R.R. 6s, . 
New Bedford R.R. 7s, 


$1,000 
1,000 
1,000 


$1,115 00 
1,160 00 
1,210 00 


$1,000 00 
1,000 00 
1,000 00 




$3,000 


$3,485 00 


$3,000 00 



Commonwealth of Massachusetts. 

Hampshire, ss., Nov. 19, 1887. 
Personally appeared M. W. Bond, Treasurer of the Florence Savings Bank, and 
made oath that the foregoing statement, by her subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by her to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to her best knowledge and belief. 

Before me, Samuel Porter, Justice of tjie Peace. 

Hampshire, ss. Florence, Nov. 19, 1887. 

Personally appeared H. F. Cutler, Geo. H. Ray, H. B. Haven, N. A. Davis, Louis F. 
Plimpton and M. W. Bond, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; that 
the books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Samuel Porter, Justice of the Peace. 



188 



BANK COMMISSIONERS' REPORT. 



[Jan, 



FOXBOROUGH SAYINGS BANK — FOXBOROUGH. 

Incorporated 1855. Number of corporators, 33. 



Charles W. Hodges, President. 



Eli Phelps, Treasurer. 



Edward M. Phelps, Clerk. 



Names of committee charged with the investment of its funds 
Chas. W. Hodges, Allen H. Messinger, 

William Carpenter, Isaac P. Carpenter. 

Wm. H. Young, 

Open for business every business day, 9 a.m. to 5 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Loan on public funds, 
Bank stock as per Schedule B, . 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 
Cash on hand, .... 


$27,500 00 

200 00 

23,850 00 

7,700 00 

64,320 00 

1,920 00 

7,651 43 

1,784 22 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$127,788 22 
3,137 43 
4,000 00 




$134,925 65 


$134,925 65 



Loan on Public Funds : — 
On $200 United States 4s, $200 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 91 

Aggregate amount of the same, $62,440 00 

Cash on Deposit in Banks, amount in each : — 

Merchandise National Bank, Boston, $4,533 11 

Boston Safe Deposit and Trust Co., Boston, 3,118 32 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $7,128 87 

Rate and amount of each semi-annual dividend for the year j 2 per cent., f 2,088 56 
ending Oct. 31, 1887, J 2 per cent., ( 2,246 49 

Times for the dividends fixed by the by-laws : June and December. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 5 461-1000. 

Date of the last extra dividend : June, 1885. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 545 $42,979 76 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 32 17,508 01 



1888.] 



PUBLIC DOCUMENT — No. 8. 



189 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 388 

Number of accounts opened during the year ending Oct. 31, 1887, . 140 
Number of accounts closed during the year ending Oct. 31, 1887, . 76 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, * 

Date of examination by commissioner ; April 12. 



$29,803 52 



464 70 
10,000 00 



Total amount oj Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$7,651 43 


2£ per cent. 


$59,900 00 


6 per cent. 


$6,540 00 


7 per cent. 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



$4,494 92 

6 345 80 

14,086 38 

37,384 03 

47.614 33 

17,862 76 

64,875 87 

815 76 

837 80 

10,439 65 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Fall River, Mass., 6s, . 


$2,000 


$2,320 00 


$2,000 00 


of Keene, N". H., 4s, 


2,000 


2,000 00 


2,000 00 


of Dover, N.H., 6s, . 


1,000 


1,080 00 


1,000 00 


of Lynn, Mass., 5s, . 


9,000 


10,080 00 


9,000 00 


of So. Norwalk, Ct., 6s, . 


5,000 


5,600 00 


5,000 00 


of Keene, N.H., 5s, . 


2,500 


2,700 00 


2,500 00 


of East Saginaw, Mich., 5s, 


5,000 


5,250 00 


5,000 00* 


Town of Winthrop, Mass., 5s, 


1,000 


1,110 00 


1,000 00 




$27,500 


$30,140 00 


$27,500 00 



* This was a legal investment when made. 



190 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



C O 

o S 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


22 
15 
30 
10 
8 
35 
12 
25 

10 
12 

8 
20 

6 
28 

5 


Bovlston Nat'l Bank, Boston, . 
X'l Hide & Leather B'k, Boston, 
Merchandise X'l B'k, Boston, . 
Nat'l Webster Bank, Boston, . 
Faneuil Hall X'l Bank, Boston, 
Blackstone Nat'l Bank, Boston, 
Old Boston Nat'l Bank, Boston, 
Shoe and Leather Xafl Bank, 

Boston, 

Nat* 1 City Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Suffolk Nat'l Bank, Boston, . 
Everett Nat'l Bank, Boston, . 
Continental X'l Bank, Boston, 
Dedham Nat'l Bank, Dedham, 
N'l Bank of Wrentham, . 


$2,200 
1,500 
3,000 
1.000 

800 
3,500 

600 

2,500 

1,000 
1,200 

800 
2,000 

600 
2,800 

350 


$2,865 50 
1,717 50 
2.977 50 
1,027 50 
1,114 00 
3,780 00 
681 00 

2,525 00 
1,065 00 
1,101 00 

916 00 
1,940 00 

717 00 
3,240 00 

400 00 


S2,200 00 
1,500 00 
3,000 00 
1,000 00 

800 00 
3,500 00 

600 00 

2,500 00 
1,000 00 
1,200 00 

800 00 
2,000 00 

600 00 
2,800 00 

350 00 




123,850 


826,067 00 


823,850 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested 



Vermont & Massachusetts R.R. 5s, . 
Boston, Clinton, Fitchburo- & New 

Bedford R.R. 5s 

Salem & Lowell R.R. 6s, . 



$5,000 

2,000 
700 



$5,300 00 

2.200 00 
791 00 



$7,700 



1,291 00 



$5,000 00 

2,000 00 
700 00 



$7,700 00 



Commonwealth of Massachusetts. 
Norfolk, ss. Foxborough, Nov. 15, 1887. 

Personally appeared Eli Phelps, Treasurer of the Foxborough Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state 
merit of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Edward M. Phelps, Justice of the Peace. 

Norfolk, ss. Foxrorovoh, Nov. 15, 1887. 

Personally appeared Wm. Carpenter, Ezra Pickens, Carmi Richmond, A L. Pond, 
Wm. II. Torrey and C. W. Hodges, being five or more of the trustees of said corpora- 
tion, and severally made oath that they have made an examination of the affairs of the 
bank ; that the hooks and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Edward M. Phelps, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



191 



FRAMINGHAM SAVINGS BANK — FRAMINGHAM. 

Incorporated 1846. Number of corporators, 54. 

Adolphus Merriam, President. Luther F. Fuller, Treasurer. 

Luther F. Fuller, Clerk. 

Names of committee charged with the investment of its funds : 
Adolf-hus Merriam, Adrian Foote, 

Franklin E. Gregory, Francis C. Stearns, 

Samuel B. Bird, Franklin Manson. 

J. Henry Robinson, 

Open for business every business day except Saturday, 9 a.m. to 3 p.m. ; Saturday, 

9 a.m. to 12 m. 

Statement. 



Assets. 




Liabilities. 


Public funds as per Schedule A, 


$185,500 00 


Deposits, . 


$1,8-58,964 31 


Bank stock as per Schedule B, . 


171,600 00 


Deposits (contingent), 


36,634 21 


Loans on lank stock, . . 


10,600 00 






Railroad bonds, .... 


76,000 00 






Real estate l>y foreclosure, 


67,269 00 






Loans on real estate, . 


557,304 53 






Loans on personal security, 


320,301 42 






Deposit in oank, on interest, 


20,0i >0 00 






Deposit in hank, not on interest, 


1,110 so 






Trustees C. C. Esty, . 


125,640 62 






Loans on depositors' books, 


191,107 Ho 






Interest on same, 


10,097 68 






Interest overdue, 




32 746 34 






Profit and loss account, 




26,202 S2 






Premium account, 




61,693 50 






Furniture, . 




1,285 00 






Suspense account, 




37,134 90 






Cash on hand, 




4 06 










$1,895,598 52 


$1,895,598 52 



Loans on Bank Stock, amount on each : — 
On 100 shares Boston National Bank, Boston, 
On 6 shares Waltham National Bank, Waltham, 



$10,000 00 
600 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $67,269 00 

Assessed value of the same, 68,910 00 

Net income received from same during year ending Oct. 31. 1887, . . 984 25 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 328 

Aggregate amount of the same, 327,468 69 

Amount of investments from which no income is received, .... 124,400 00 

Cash on Deposit in Banks, amount in each : — 

Wachusett National Bank, Fitchburg, $20,000 00 

So. Framingham National Bank, So. Framingham, 1,110 80 



192 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887 $82,338 86 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,511 00 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : November 22. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Bate. 


Amount. 


Kate. 


Amount. 


Bate. 


$25,000 00 

60,000 00 

191,107 85 


4| per cent. 
4i « 
5 " 


$20,000 00 
45,000 00 


5£ per cent. 
5| " 


$707,834 07 
50,371 88 


6 per cent. 

7 " 



Classification of Depositors^ Accounts. 




Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust 



$19,314 40 

25,534 28 

75,292 34 

240,283 30 

619,454 32 

879,085 67 

819.N43 89 

8.834 07 

7,403 94 

101,870 72 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Providence, R. I., 5s, . 


$25,000 


$28,000 00 


$25,000 00 


of Providence, R. I., 4^s, . 


5,000 


5,375 00 


5,000 00 


Town of Spencer, Mass., 4s, . 


20,000 


20,400 00 


20,000 00 


of Norwalk, Ct., 4s, 


30,000 


30,600 00 


30,000 00 


City of Portsmouth, N. H., 6s, . 


2,000 


2,040 00 


2,000 00* 


Town of Marlborough, Mass., 4s, . 


20,000 


20,200 00 


20,000 00 


City of Boston, Mass., 4s, 


20,000 


20,550 00 


20,000 00 


of Lewiston, Me., 5s, 


9,000 


10,125 00 


9,000 00 


of Keene, N. H., 4s, . 


23,000 


23,690 00 


23,000 00 


of Lowell, Mass., 4s, 


20,000 


20,300 00 


20,000 00 


United States 6s, ... 


1,000 


1,250 00 


1,000 00 


United States 4^s, .... 


10,300 


11,003 75 


10,300 00 


United States 4s, ... . 


200 


253 50 


200 00 




$185,500 


$193,787 25 


$185,500 00 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



193 



Schedule B — Detailed Statement of Bank Stocks. 



© Q. 






Estimated 




O 05 




I'ar Value. 




Amount Invested. 


fc £ 






Market Value. 




6 


Atlas Nat'l Bank, Boston, 


$600 


$694 50 


$600 00 


19 


Blaekstone N'l Bank, Boston, 


1,900 


2,052 00 


1,900 00 


33 


Boston Nat 1 ! Bank, Boston, 


3,300 


3,927 00 


3,300 00 


119 


N'l Bank of Commerce, Boston, 


11,900 


14,518 00 


11,900 00 


100 


Continental N'l Bank, Boston, 


10,000 


11,900 00 


10,000 00 


155 


Eliot Nat'l Bank, Boston, 


15,500 


19,995 00 


15,500 00 


30 


Freeman's Nat'l Bank, Boston, 


3,000 


2,820 00 


3,000 00 


165 


First Nat'l Bank, Boston, 


16,500 


36,300 00 


16,500 00 


15 


Globe Nat'l Bank, Boston, 


1,500 


1,380 00 


1,500 00 


136 


Howard Natl Bank, Boston, 


13,600 


14,620 00 


13,600 00 


180 


N'l Hide & Leather B'k, Boston 


18,000 


20,610 00 


18,000 00 


85 


Mt. Vernon Nat'l Bank, Boston 


8,500 


11,560 00 


8,500 00 


30 


Market Nat'l Bank, Boston, 


3,000 


2,752 50 


3,000 00 


10 


N'l B'k of No. America, Boston 


1,000 


1,050 00 


1,000 00 


90 


N'l B'k of the Republic, Boston 


9,000 


12,600 00 


9,000 00 


50 


Shoe & Leather N'l B'k, Boston 


5,000 


5,050 00 


5,000 00 


30 


Second Nat'l Bank, Boston, 


3,000 


4,500 00 


3,000 00 


100 


Traders' Nat'l Bank, Boston, 


10,000 


9,400 00 


10,000 00 


65 


Nat'l Webster Bank, Boston, 


6,500 


6,662 50 


6,500 00 


100 


So. Framingham Nat'l Bank 










So. Framingham, . 


10,000 


9,800 00 


10,000 00 


98 


Framingham N'l Bank, Fram- 










ingham, 


9,800 


13,720 00 


9,800 00 


100 


Central Nat'l Bank, Boston, 


10,000 


13,000 00 


10,000 00 




$171,600 


$218,911 50 


$171,600 00 



Bailroad Bonds. 





Tar Value. 


Estimated 
Market Value. 


Amount Invested. 


Newport & Richford R.R. 5s, . 
Fitchburg R.R. 5s, . 
Fitchburg R.R. 4s, . 
Salem & Lowell R.R. 6s, . 
Boston & Lowell R.R. 7s, 
Boston & Lowell R.R. 5s, 


$20,000 

20,000 

25,000 

5,000 

3,000 

3,000 


$21,400 00 

20,900 00 

24,750 00 

5,725 00 

3,315 00 

3,240 00 


$20,000 00* 

20,000 00 

25,000 00 

5,000 00 

3,000 00 

8,000 00 




$76,000 


$79,330 00 


$76,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 25, 1887. 
Personally appeared Luther F. Fuller, Treasurer of the Framingham Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Joseph S. Adams, Justice of the Peace. 



* This was a legal investment when made. 



194 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 2o, 1887. 
Personally appeared Adolphus Merriam, Franklin E. Gregory, J. Henry Robinson, 
Clifford Folger, John T. Cullen, Edward F. Kendall, S. H. Williams, Francis C. Stearns 
Walter Ad;ims, Franklin Manson, Geo. C. Travis and Adrian Foote, being five or more 
of the trustees of said corporation, and severally made oath that they have made an 
examination of the affairs of the bank; that the books and records of said institution 
indicate the state of affairs as above attested by their treasurer ; and that they believe 
said statement to be true. 

Before me, Joseph S. Adams, Justice of the Peace. 

Middlesex, ss., Nov. 28, 1887. 
Then personally appeared S. B. Bird and took the above oath by him signed. 

Before me, Walter Adams, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



195 



FRANKLIN SAVINGS BANK- BOSTON. 

Incorporated 1861. Number of corporators, 78. 

Nath'l J. Bradlee, President. Ebenezer Alexander, Treasurer. 

George A. Fisher, Clerk. 

Names of committee charged with the investment of its funds : 



Augustus Parker, 
Thomas J. Whidden, 
D. R. Emerson, 



Martin L. Bradford, 
Abraham Avery. 



Open for business every business day, 9 a.m. to 2 p.m. ; and on Saturday, 3 to 5 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Leans on bank stock, . 

Railroad bonds 

Real estate by foreclosure, . 
Loans on real estate, . 
Lonns on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 

Expense account, 

Cash on hand, .... 


$233,000 00 

323,889 12 

28,375 00 

147,000 00 

•» 88.639 54 

2,837,346 70 

1,258,010 00 

95,000 00 

274,161 57 

4,113 97 

6,129 27 


i Deposits, . 
Earnings undivided, 
Guaranty fund, 
Profit and loss acc't, 


$5,092,281 92 

30.295 98 

121,000 00 

52,087 27 




$5,295,665 17 


.$5,295,665 17 



Loans on Bank Stock, amount on each : — 

On 200 shares Broadway National Bank, Boston, $16,000 00 

On 10 shares Continental National Bank, Boston, 975 00 

On 10 shares Boylston National Bank, Boston, 600 00 

On 26 shares North National Bank, Boston, 2,600 00 

On 60 shares First National Bank, Easton 6,000 00 

On 40 shares First National Bank, South Weymouth, .... 2,200 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $88,639 54 

Assessed value of the same, 77,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 837 19 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 213 

Aggregate amount of the same, 410,355 00 

Amount of investments from which no income is received, .... 15,546 28 



196 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Boylston National Bank, Boston, . $69,197 26 

National Revere Bank, Boston, 54,964 31 

Globe National Bank, Boston, . 50,000 00 

National Exchange Bank, Boston, 50,000 00 

North National Bank, Boston, 50,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, ' $242.73143 

Rate and amount of each semi-annual dividend for the year i 2 per cent., f 91,555 98 

ending Oct. 31, 1887, . . . . " . . . . } 2 per cent., { 94,773 89 
Times for the dividends fixed by the by-laws : February 1 and August 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 10,326 $1,152,991 37 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1&>7, 1,048 619,766 23 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 7,787 1,035,023 89 

Number of accounts opened during the year ending Oct. 31, 1887, 2,076 
Number of accounts closed during the year ending Oct. 31, 1887, 1,311 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 18 952 15 

Amount of treasurer's bond, . 10,000 00 

Date of examination by commissioner : November 10. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$124,161 57 

101,000 00 

30,000 00 


3 per cent. 

4 " 
4^ 


$797,000 00 

150,300 00 

2,352,833 00 


4^ per cent. 

5 " 


$674 985 00 

253,663 70 

8,950 00 


5|| per cent. 
6 



Classification of Depositors^ Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more ihan $200, 
Exceeding $200 and not more than $500, 
Exceeding $ 500 and less than $1,000, . 

Of $1,000 or more 

To t lie ci edit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 



$48,082 30 

68 423 4S 

190.556 83 

668,459 82 

1,755,928 19 

2,360,831 27 

2,146,931 73 

56.006 4S 

57,17-' 50 

901,134 93 



1888.] PUBLIC DOCUMENT — No. 8. 197 

Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 




Amount Invested. 






Market Value. 




City of Somerville, Mass., 5s, . 


$50,000 


$53,000 00 


$50,000 00 


of Springfield, Mass., 7s, 






10,000 


13,300 00 


10,000 00 


of Providence, "R. I., 5s, 






6,000 


6,810 00 


6,000 00 


of Boston, Mass., 5s, 






3,000 


3,390 00 


3,000 00 


of Cambridge, Mass., 6s, 






1,000 


1,235 00 


1,000 00 


of Fall River, Mass., 6s, 






4,000 


5,000 00 


4,000 00 


of Columbus, Ohio, 4s, 






40,000 


39,600 00 


40,000 00 


of Cleveland, Ohio, 4s, 






20,000 


19,800 00 


20,000 00 


of Gloucester, Mass., 6s, 






19,000 


19,000 00 


19,000 00 


Town of Spencer, Mass., 4s, 






80,000 


80,000 00 


80,000 00 








$233,000 


$241,135 00 


$233,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O O 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


200 

200 

110 

41 

50 

130 

56 

48 

200 

15 

55 

146 

22 

18 

209 

400 

61 

235 

107 

61 

200 

199 

200 

20 

200 

60 

201 


Atlas Natl Bank, Boston, 
Shoe & Leather N'l B 1 k, Boston, 
First Ward Natl Bank, Boston, 
Atlantic Natl Bank, Boston, . 
Third Natl Bank, Springfield, 
State Natl Bank, Boston, 
Fourth Natl Bank, Boston, 
Merchandise Nl Bank, Boston, 
Globe Natl Bank, Boston, 
Columbiau Natl Bank, Boston, 
Second Natl Bank, Boston, 
North Natl Bank, Boston, 
Eliot Natl Bank, Boston, 
Suffolk Natl Bank, Boston, . 
Natl Webster Bank, Boston, . 
Old Boston Nl Bank, Boston, . 
Naumkeag Natl Bank, Salem, 
Continental Nl Bank, Boston, 
Freeman's Natl Bank, Boston, 
Everett Natl Bank, Boston, . 
Blackstone Natl Bank, Boston, 
Natl City Bank, Boston, . 
Natl Revere Bank, Boston, 
Natl Union Bank, Boston, 
Nl B'k of No. America, Boston, 
Nl Bank of Commerce, Boston, 
Natl Exchange Bank, Boston, 


$20,000 

20,000 

11,000 

4,100 

5,000 

13,000 

5,600 

4,800 

. 20,000 

1,500 

5,500 

14,600 

2,200 

1,800 

20,900 

20,000 

6,100 

23,500 

10,700 

6,100 

20,000 

19,900 

20,000 

2,000 

20,000 

6,000 

20,100 


$23,000 00 
20,100 00 
14,300 00 

5,473 00 
10,000 00 
15,800 00 

6,328 00 

4,800 00 
18,400 00 

1,890 00 

8,250 00 
19,126 00 

2,816 00 

2,052 00 
21,448 00 
22,800 00 

8,235 00 
27,847 00 
10,165 00 

5,978 00 
21,700 00 
21,293 00 
25,000 00 

2,900 00 
21,000 00 

7,320 00 
25,326 00 


$20,000 00 

20,000 00 

11,000 00 

4,100 00 

5,000 00 

13,000 00 

5,600 00 

4,781 00 

19,619 50 

1,500 00 

5,500 00 

14,600 00 

2,200 00 

1,800 00 

20,900 00 

20,000 00 

6,100 00 

23,500 00 

10,700 00 

5,988 62 

20,000 00 

19,900 00 

20,000 00 

2,000 00 

20,000 00 

6,000 00 

20,100 00 




$324,400 


$373,347 00 i $323,889 12 



198 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Fitehburg R.R. 5s, . 
Boston & Maine R.R. 7s, 
Old Colony R.R. 6s, . 



$114,000 

30.000 

3,000 



$147,000 



$119,700 00 

34,500 00 

3,450 00 



$114,000 00 

30,000 00 

3.000 00 



$157,650 00 $147,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 11, 1887. 
Personally appeared Eben. Alexander, Treasurer of the Franklin Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief. 

Before me, Edwin A. Stone, Justice of the Peace. 

Suffolk, ss. 
Personally appeared on Nov. 14, 1887, Augustus Parker; Nov. 15, Abraham Avery 
and Joseph G. Shedd; Nov. 17, Wm. H. Baldwin; Nov. 18, J. J.Haley; Nov. 21, 
Nath'l J. Bradlee, President ; being five or more of the trustees of said corporation, and 
severally make oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Edwin A. Stone, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



199 



FRANKLIN SAVINGS INSTITUTION — GREENFIELD. 

Incorporated April 2, 1834. Number of corporators, 18. 

Samuel 0. Lamb, President. Wm. H. Allen, Treasurer. 

Franklin R. Allen, Clerk. 

Names of committee charged with, the investment of its funds : 
Samuel 0. Lamb, Joseph W. Stevens. 
Chas. R. Field, (Two vacancies.) 

Open for business every business day, 9 a.m. to 12.30 p.m., and 2 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$919,750 00 


Deposits, . 


$3,054,840 63 


Loan on public funds, 


1,500 00 


Earnings undivided, 


47,965 40 


Bank stock as per Schedule B, . 


68,372 00 


Guaranty fund, 


102,150 00 


Loans on bank stock, . 


62,8^9 63 


Premium account, . 


6,075 00 


Railroad bunds, .... 


307,500 00 






Loans on real estate, . 


670,958 40 






Loans on personal security, 


939,011 85 






Loans to counties, cities or towns 








(notes), 


96,825 00 






Deposits in banks, on interest, . 


138,370 15 






Expense account, 


1,982 79 






Unpaid interest, .... 


2,173 94 






Cash on hand, .... 


1,697 27 








$3,211,031 03 


$3,211,031 03 



Loan on Public Funds : — 
On $1,700 United States 4s, 



Loans on Bank Stock, amount on each : — 

On 10 shares City National Bank, Worcester, 
On 3 shares First National Bank, Greenfield, 
On 37 shares First National Bank, Northampton, 
On 98 shares Hampshire County National Bank, Northampton, 
On 26 shares First National Bank, Northampton, 
On 20 shares Crocker National Bank, Turner's Falls, . 
On 21 shares City National Bank, Worcester, 
On 28 shares Ware National Bank, Ware, 
On 5 shares Shelburne Falls National Bank, Shelburne Falls, 
On 17 shares First National Bank, Greenfield, 
On 25 shares First National Bank, Northampton, 
On 8 shares Conway National Bank, Conway, 
On 10 shares Conway National Bank, Conway, 
On 125 shares Home National Bank, Holyoke, 
On 68 shares North National Bank, Boston, . 
On 24 shares First National Bank, Greenfield, 
On 80 shares National Bank of the Commonwealth, Boston, 
On 70 shares National Bank of the Commonwealth, Boston, 
/ 



$1,500 00 



$800 00 

300 00 

2,889 63 

12,400 00 

1,600 00 
4,900 00 

400 00 

1,700 00 

2,500 00 

700 00 

500 00 

10,000 00 

6,800 00 

2,400 00 

8,000 00 

7,000 00 



200 



BAXK COMMISSIONERS' EEPOET. 



[Jan. 



Number of outstandins loans which are of an amount not exceeding 



$3,003 each 

Aggregate amount of the same, 

Amount of investments from which no income is received, 



527 



(470,581 37 

•2.944 22 



Cash on Deposit in Banks, amount in each : — 

First National Bank, Greenfield, . 

National Hide & Leather Bank, Boston, 
City National Bank, Springfield. . 
Yermon: National Bank. Brattleboro ', Tt. 
Home National Bank, Holyoke, 
Hoiyoke National Bank, Holyoke, 



£54,527 04 

34,146 97 

25,1)00 00 

20.000 00 

3]o 14 

4.0 j0 On 



Wh leam rant of interest or profits received or earned during year ending 

Oct. 31. 1sj7, 8155.562 66 

11.;; . . -. : of sach semi-annua! dividend for the year) 2 per cent., [ 59,546 69 

ending Oct. 31, 1SS7, . j 2 per cent., I 59.777 01 

Times ; r the dv idends fixed by the by-laws : January and. July. 
, Number and amount of deposits [not including dividends) received 

during the year ending Oct. 31, 1SS7 3,373 8305.279 OS 

Nam; er and amount of deposits of and exceeding 6300 at any one 

time during the year ending Oct. 31, 1>S7 2S0 164,632 66 

Number and amount of withdrawals i including dividends) during the 

year en ling Oct. 31, 1SS7. 3,431 402,876 S3 

Number of accounts opened during the year ending Oct. 31, 15^7, . 690 
Nam' er of accounts closed during the year ending Oct. 31, 1SS7, . 732 
Amount of expenses of the corporation daring the year ending Oct. 31, 1557, •"' 009 69 

Amount vf t;ea*urers bond 50,000 00 

Date of examination by commissioner: August 25. 

Total amount of Loans with each sjjecifed Rate of Interest, in biding 
Deposits in Bank* on Interest. 



An:o. r.t, 



Rate. 



Amount. 



Rate. 



588,974 01 2A per cent. $431.42114 4i per cent. 

i:-j,744 22 4~ " 40."00 00 4§ 

77 4| " 963,465 66 5 

I . ] lO H 



Ax ant. 



Rate. 



S54.nno 00 5h per cent. 
100.000 00, of " 
50,95u 00 6 " 



Classification of Depositors Accounts 






Who'e numlier, 

Of $50orl<8S 

I . g $50 and not more than $100, 

Ex _ | Oand i ot more than 6-0 \ 

Ex _ --"0 and not more than $500, 

] . _ - r tnd lesfl than 81 000, . 

- ,000 ..r more, 

To t lie credit of women, both adult and minor, 
To the credit of guardian?, .... 
To the credit of religious and charitable associations, 
In trust 



7,085 

1,992 

630 

797 

1.1M 

1,322 

1,160 

-" 

90 

58 

149 



$34,041 61 
45,384 24 
111,478 *2 
396.432 67 
900 033 63 
1,477,470 06 

47,925 71 

29,314 09 

103,773 80 



1888.] PUBLIC DOCUMENT — No. 8. 

Schedule A — Detailed Statement of Public Funds. 



201 



Tar Value. 



Estimated 
Market Value. 



•Vmount Invested. 



Town of Adams, Mass., 6s, 
City of Maiden, Mass., 6s, 
of Nashua, N. H., 6s, 
of Worcester, Mass., 5s, 
of Springfield, Mass., 6s, 
of Springfield, Mass., 7s, 
of Lawrence, Mass., 6s, 
of Fitchburg, Mass., 6s, 
Town of Brookline, Mass., 7s, 
City of Boston, Mass., 6s, 
of Boston, Mass., 5s, 
Town of Everett, Mass., 6s, 
City of Lynn, Mass., 6s, . 
of Lynn, Mass, 4s, . 
Town of Amherst, Mass., 7s, 
City of Cambridge, Mass., 6s, 

of Holyoke, Mass., 6s, 
Town of Greenfield, Mass., 4|s, 
of Greenfield, Mass., 5s, 
of Greenfield, Mass., 4s, 
City of Lowell, Mass., 6s, 
Town of Gill, Mass., 5s, . 
City of Fall River, Mass., 6s, 
of Fall River, Mass., 4s, 
of Brockton, Mass., 5s, 
of Providence, R. I., 6s, 
of Providence, R. L, 5s, 
of Taunton, Mass., 6s, 
Town of Chicopee Falls, Mass 
and 4^s, .... 



4s 



$25,000 
60,000 
75,000 
18,000 

4,000 
30,000 
30,000 
13,000 
42,000 
43,000 
29,000 
25,000 
20,000 
10,000 
30,000 
44,000 
46,000 
31,250 
12,500 
45,000 
46,000 

7,000 
20,000 
50,000 
28,000 
100,000 
25,000 

1,000 

10,000 



,375 00 

68,562 00 

94,500 00 

20,880 00 

5,140 00 

39,850 00 

37,550 00 

14,267 00 

54,530 00 

51,247 00 

33,930 00 

27,937 00 

21,800 00 

10,100 00 

32,800 00 

48,575 00 

55,890 00 

31,250 00 

12,656 00 

45,000 00 

50,255 00 

7,285 00 

24,870 00 

51,750 00 

32,799 00 

124,500 00 

29,603 00 

1,180 00 



$25,000 00 
60,000 00 
75,000 00 
18,000 00 
4,000 00 
30,000 00 
30,000 00 
13,000 00 
42,000 00 
43,000 00 
29,000 00 
25,000 00 
20,000 00 
10,000 00 
30,000 00 
44,000 00 
46,000 00 
31,250 00 
12,500 00 
45,000 00 
46,000 00 
7,000 00 
20,000 00 
50,000 
28,000 

100,000 

25,000 

1,000 



00 
00 
00 
00 

00 



10,307 00 10,000 00 



$919,750 ,$1,067,388 00 $919,750 00 



Schedule B — Detailed Statement of Bank Stocks. 



* 5 



Par Value. 



E-timated 

Market Value. 



! Amount Invested. 



100 


First Nat'l Bank, Greenfield, . 


$10,000 


$19,000 00 


$10,000 00 


25 


Franklin Co. N'l B'k, Greenfield, 


2,500 


2,500 00 


2,272 00 


49 


First N'l Bank, Northampton, . 


4,900 


6,370 00 


4,900 00 


30 


Pittsfield N'l Bank, Pittsfield, . 


3,000 


4,860 00 


3.000 00 


10 


Adams N'l Bank, No. Adams, 


1,000 


1,400 00 


1,000 00 


153 


N'l Bank of Commerce, Boston, 


15,300 


18,819 00 


15,300 00 


5 


Faneuil Hall N'l B'k, Boston, 


500 


695 00 


500 00 


87 


N'l B'k of No. America, Boston, 


8,700 


9,135 00 


8,700 00 


125 


Nat'l Revere Bank, Boston, 


12,500 


15.625 00 


12,500 00 


102 


Nat'l Webster Bank, Boston, . 


10,200 


10,506 00 


10,200 00 




$68,600 


$88,910 00 


$68,372 00 



202 



BANK COMMISSIONERS' KEPORT. 



[Jan, 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Vermont & Massachusetts R.R. 5s, . 
Fitchburg R.R. 4s, . . 
Eastern R.R. 6s, ... . 
Boston & Albany R.R. 7s, 
Vermont Valley R.R. 5s, . 
Boston & Lowell R.R. 6s, 


$50,000 
100,000 
57,500 
25,000 
50,000 
25,000 


$55,750 00 
100,000 00 
70.150 00 
28,000 00 
56,500 00 
28,500 00 


$50,000 00 
100,000 00 
57,500 00* 
25,000 00 
50,000 00 
25,000 00 




$307,500 


$338,900 00 


$307,500 00 



Commonwealth of Massachusetts. 

Franklin, ss., Nov. 11, 1887. 
Personally appeared Wra. H. Allen, Treasurer of the Franklin Savings Institution, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Samuel O. Lamb, Justice of the Peace. 

Franklin, ss., Nov. 11, 1887. 
Personally appeared Sam'l O. Lamb, Chas. It. Field, Jos. W. Stevens, Franklin G. 
Fessenden and Franklin R. Allen, being five or more of the trustees of said corporation* 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Chester C. Conant, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



203 



GARDNER SAVINGS BANK — GARDNER. 

Incorporated 1868. Number of corporators, 83. 

Franklin Eaton, President. John D. Edgell, Treasurer. 

Volney W. Howe, Clerk. 

Names of committee charged with the investment of its funds : 

Franklin Eaton, Simeon W. A. Stevens, 

John Edgell, Roderic L. Bent. 

Amasa Bancroft, 

Open for business every business day, except Saturday, 9 a.m to 12 m., 1 to 4 p.m. 
On Saturday, 9 a.m. to 12 m., 1 to 2 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$22,250 00 


Deposits, 




$1,002,409 47 


Bank stock as per Schedule B, . 


106,900 00 


Earnings 


undivided, 


5,400 83 


Loans on bank stock, . 


5,750 00 


Guaranty 


fund, 


33,329 96 


Railroad bonds, .... 


96,000 00 


Interest, 


• 


11,309 19 


Loans on real estate, . 


449,004 87 








Loans on personal security, 


185,266 34 








Loans to counties, cities or towns 










(notes), 


135,600 00 








Deposits in banks, on interest, . 


30,342 31 








Deposits in banks, not on interest, 


19,000 00 








Expense account, 


217 50 








Cash on hand, .... 


2,118 43 










$1,052,449 45 


$1,052,449 45 



Loans on Bank Stock, amount on each : — 

On 50 shares First National Bank, Gardner, $5,000 00 

On 6 shares Westminster National Bank, Westminster, . . . . 500 00 

On 7 shares First National Bank, Ashburnham, 250 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 637 

Aggregate amount of the same, $397,471 21 

i 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Gardner, $39,000 00 

Maverick National Bank, Boston 5,000 00 

Westminster National Bank, Westminster, 5,000 00 

Pacific National Bank, Boston, 342 31 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $56,347 22 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 17,662 23 
ending Oct. 31, 1887, J 2 percent.,! 18,507 91 

Times for the dividends fixed by the by-laws : January 1 and July 1. 



204 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 2,530 $219,927 72 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 178 99,675 53 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,427 173,805 30 

Number of accounts opened during the year ending Oct. 31, 1887, . 601 
Number of accounts closed during the year ending Oct. 31, 1887, • 270 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,444 78 

Amount of treasurer's bond, . . . " 15,000 00 

Date of examination by commissioner: October 21. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Kate. 


$5,000 00 
215,892 31 


2£ per cent. ' 

4 " 


$117,482 34 
5,800 00 


5 per cent. 

5i " 


$456,7*8 87 
5,000 00 


6 per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




$17,779 02 

24.272 61 
61,505 00 

199,113 67 
354,370 97 
345.368 20 
416,933 45 
8,599 66 

10.273 49 
47,668 22 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Inve.-trd. 


United States 4s, ... 

United States 4^s, .... 

City of Cleveland, Ohio, 7s, 
of Cleveland, Ohio, 6s, 
of Cleveland, Ohio, 4s, 


$1,100 
1,150 
5,000 
5,000 

10,000 


$1,375 00 
1,242 00 
6,000 00 
5,750 00 

10,200 00 


$1,100 00 
1,150 00 
5,000 00 
5,000 00 

10,000 00 




$22,250 


$24,567 00 


$22,250 00 



1888.] PUBLIC DOCUMENT — No. 8. 

Schedule B — Detailed Statement of Bank Stocks. 



205 



O 0) 






Estimatcc 


i 








Par Value. 






Amount Invested 


fc 03 






Market Value. 




50 


Mechanics' N'l B'k, Worcester, 


$5,000 


$6,000 


00 


$5,000 00 


20 


Citizens 1 N'l Bank, Worcester, 


2,000 


2,300 00 


2,000 00 


84 


First Nat'l Bank, Gardner, 


8,400 


10,080 


00 


8,400 00 


20 


First Natl Bank, Ashburnham, 


2,000 


2,200 


00 


2,000 00 


18 


Miller's River N'l Bank, Athol, 


1,800 


3,150 


00 


1,800 00 


100 


Orange Natl Bank, Orange, . 


10,000 


12,000 


00 


10,000 00 


100 


Crocker N'l B'k, Turner's Falls, 


10,000 


12,000 


00 


10,000 00 


29 


Rollstone Nl Bank, Fitchburg, 


2,900 


4,640 


00 


2,900 00 


20 


First Nat'l Bank, Winchenclon, 


2,000 


3,200 00 


2,000 00 


6 


Metropolitan N'l Bank, Boston, 


600 


678 


00 


600 00 


10 


Central Nat'l Bank, Boston, . 


1,000 


1,300 


00 


1,000 00 


25 


Howard Nat'l Bank, Boston, . 


2,500 


2,675 


00 


2,500 00 


125 


Boston Nat'l Bank, Boston, 


12,500 


14,875 


00 


12,500 00 


15 


Continental Nat'l Bank, Boston, 


1,500 


1,770 


00 


1,500 00 


50 


Merchandise N'l Bank, Boston, 


5,000 


5,000 


00 


5,000 00 


50 


State Nat'l Bank, Boston, 


5,000 


5,800 


00 


5,000 00 


50 


N'l Hide & Leather B'k, Boston, 


5,000 


5,700 


00 


5,000 00 


5 


New England N'l B'k, Boston, 


500 


730 


00 


500 00 


11 


Nat'l Eagle Bank, Boston, 


1,100 


1,100 


00 


1,100 00 


50 


N'l B'k of the Republic, Boston, 


5,000 


7,000 


00 


5,000 00 


50 


Nat'l Bank of the Common- 












wealth, Boston, . 


5,000 


6,850 


00 


5,000 00 


15 


Mechanics' Nat'l Bank, Boston, 


1,500 


2,025 


00 


1,500 00 


20 


Merchants' Nat'l Bank, Boston, 


2,000 


2,780 


00 


2,000 00 


50 


Blackstone Nat'l Bank, Boston, 


5,000 


5,400 


00 


5,000 00 


16 


Nat'l Exchange Bank, Boston, 


1,600 


2,016 


00 


1,600 00 


5 


Everett Nat'l Bank, Boston, . 


500 


485 


00 


500 00 


50 


Eliot Nat'l Bank, Boston, 


5,000 


6,400 


00 


5,000 00 


25 


Shoe & Leather N'l B'k, Boston, 


2,500 


2,525 


00 


2,500 00 




$106,900 


$130,679 


00 


$106,900 00 



Bailroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 

Boston & Maine R.R. 7s, . 

Boston, Rev. Beach & Lynn R.R. 6s, 

Conn. & Passumpsic Rivers R.R. 6s, 

Old Colony R.R. 41s, 

Fitchburg R.R. 6s, . 

Fitchburg R.R. 4s, . 

Boston & Lowell R.R. 4s, 

Old Colony R.R. 6s, . 


$13,000 
5,000 
5,000 

10,000 
5,000 
5,000 

43,000 
5,000 
5,000 


$14,300 00 
5,500 00 
5,500 00 

11,000 00 
5,250 00 
5,400 00 

43,000 00 
5,000 00 
5,500 00 


$13,000 00 
5,000 00 
5,000 00 

10,000 00* 
5,000 00 
5,000 00 

43,000 00 
5,000 00 
5,000 00 




$96,000 


$100,450 00 


$96,000 00 



* This was a legal investment when made. 



206 BANK COMMISSIONERS' REPORT. [Jan. 

CoMiMONWEALTH OF MASSACHUSETTS. 

Worcester, ss. Gardner, Dec. 5, 1887. 

Personally appeared John D. Edgell, Treasurer of the Gardner Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, John Edgell, Justice of the Peace. 

Worcester, ss. Gardner, Dec. 9, 18 s 7. 

Personally appeared Seth Hey wood, C. F. PJchardson, A. M. Greenwood, Chas. W. 
Conant, John Edgell and Franklin Eaton, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affu'rs of 
the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, John D. Edgell, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



207 



GEORGETOWN SAVINGS BANK — GEORGETOWN. 
Incorporated 1868. Number of corporators, 60. 

Jeremiah P. Jones, President. Orlando B. Tenney, Treasurer. 

George S. Weston, Clerk. 

Names of committee charged with the investment of its funds : 
John A. Hoyt, Oliver S. Butler. 

Sherman Nelson, 

Open for business ever}- business day, except Saturday, 9 a.m. to 12 m. and 1.30 to 
4 p.m , and Saturday, 9 a.m. to 12 m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$21,500 00 


Deposits, . 


$359,707 90 


Bank stock as per Schedule B, . 


12,800 00 


Earnings undivided, 


1,H53 82 


Loan on bank stock, . 


1,872 00 


Guaranty fund, 


10,000 00 


Railroad bonds, .... 


6,000 00 






Real estate by foreclosure, 


825 00 






Loans on real estate, . 


238,444 57 






Loans on personal security, 


72,413 10 






Loans to counties, cities or towns 








(notes), 


7,000 00 






Deposit in bank, on interest, 


8,625 04 






Deposit in bank, not on interest, 


2,000 00 






Cash on hand, .... 


82 01 








$371,561 72 


$371,561 72 



Loan on Bank Stock : — 
On 20 shares Second National Bank, Haverhill, . . . . . $1,872 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $825 00 

Assessed value of the same, 900 00 

Net income received from same during year ending Oct. 31, 1887, . 12 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 269 

Aggregate amount of the same, 209,800 67 

Cash on Deposit in Bank : — 
Georgetown National Bank, Georgetown, ....... $10,625 04 

Whole amount of interest or profits received or earned during year ending 
Oct. 31,1887, $20,245 17 

Rate and amount of each semi-annual dividend for the year ) 2^ per cent., j 7,978 41 
ending Oct. 31, 1X87, J 2£ per cent., 1 8,355 20 

Times for the dividends fixed by the by-laws : third Wednesday in April 
and October. 



208 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 661 §5^,55143 

Number and amount of deposits of and exceeding §300 at any one 

time during the year ending Oct. 31, 1887 48 21 516 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 463 40,766 44 

Number of accounts opened during the year ending Oct. 31, 1887, . 149 
Number of accounts closed during the year ending Oct. 31, 1887, . 6S 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1.352 00 

Amount of treasurer's bond, 10,000 00 

Date of examination bv commissioner: June 20. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$8,625 04 

2,000 00 

41,990 00 


3 per cent. 
4J " 
5 


817.000 00 
214,232 00 


5^ per cent. 
6 


$2,920 00 
41,587 67 


6.J per cent. 

7 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of §50 or less, 

Exceeding $50 and not more than §100, 
Exceeding §100 and not more than §200, 
Exceeding $200 and not more than §500, 
Exceeding §500 and less than §1,000, . 

Of §1.000 or more. 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust 



ons, 



§5,624 31 
7,935 21 

17,687 13 

57,660 83 

123,179 55 

147,620 87 

157,423 87 

3..S49 72 

6,103 89 

24,349 20 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Bath, Me, 6s, 






$2,500 


$2,500 00 


§2,500 00* 


of Bangor, Me., 7s, . 






2.000 


2,800 00 


2,000 00* 


of Bangor, Me., 6s, . 






2,000 


2,200 00 


2,000 00* 


of Belfast, Me., 6s, . 






4,000 


4,000 00 


4,000 00* 


of Portland. Me., 6s, 






1,000 


1,100 00 


1,000 00* 


of Rockland. Me., 6s, 






3,000 


3,000 00 


3,000 00* 


of Concord, X. II., 6s, 






1,000 


1,000 00 


1,000 00 


Town of Melrose, Mass., 7s, 


, 


2,000 


2,200 00 


2,000 00 


Merrimack County, N.H., 6s, 


• 


4,000 


4,000 00 


4,000 00 








§21,500 


§22,300 00 


§21,500 00 



* These were legal Investments when made. 



1888.] PUBLIC DOCUMENT — No. 8. 209 

Schedule B — Detailed Statement of Bank Stocks. 







Par Value. 


Estimated 
Market Value. 


Amount Invested. 


45 

10 
13 
30 
30 


Georgetown Nl Bank, George- 
town, 

Market Natl Bank, Boston, . 
Columbian Natl Bank, Boston, 
Manufacturers 1 Nl B'k, Boston, 
State Natl Bank, Boston, 


$4,500 
1,000 
1,300 
3,000 
3.000 


|4,725 00 

920 00 

1,586 00 

3,000 00 

3,540 00 


$4,500 00 
1,000 00 
1,300 00 
3,000 00 
3,000 00 




$12,800 


$13,771 00 


$12,800 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Fitchburg R.R. 4s, . 



$6,000 



;,ooo oo 



;,ooo 00 



Commonwealth of Massachusetts. 
Essex, ss. Georgetown, Nov. 7, 1887. 

Personally appeared Orlando B. Tenney, Treasurer of the Georgetown Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, "Wm. A. Butler, Justice of the Peace. 

Essex, ss. Georgetown, Nov. 10, 1887. 

Personally appeared John A. Hoyt, Geo. H. Carleton, Joseph E. Bailey, Sherman 
Nelson and H. Howard Noyes, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Orlando B. Tenney, Justice of the Peace. 

Essex, ss., Dec. 1, 1887. 
Personally appeared Jeremiah P. Jones and made oath to the truth of the above state- 
ment, according to his best knowledge and belief. 

Before me, O. B. Tenney, Justice of the Peace. 



210 



BAXK COMMISSIONERS' REPORT. 



[Jan. 



GRATTOX SAYINGS BAXK — GRAFTOX. 

Incorporated March 13, 1869. Number of corporators, 46. 

Geo. K. Nichols, President. Henry F. Wixg, Treasurer. 

Hexrv F. Wixg, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. K. Nichols, Joseph A. Dodge, 

Horace S. Warrex, Daniel N. Gibbs. 

Silas Vixtox, 

Open for business every business day, except Saturday, 9 a.m. to 12 m. and 1 to 4 p.m. 

Saturday, 9 a.m. to 12 m. 

StATEalEXT. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposit in bank, not on interest, 



815,634 37 
37,474 99 
57,752 43 
53,010 00 

77,060 00 
7,475 48 



8248,407 27 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



8231,436 30 

11,770 97 

5,200 00 



8248,407 27 



Number of outstanding loans which are of an amount not exceeding 

83,000 each, 66 

Aggregate amount of the same, S66,962 43 

Cash on Deposit in Bank : — 
Grafton National Bank, Grafton, 87,475 48 



:;{ 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 18S7, 

Rate and amount of each semi-annual dividend for the year ) 2 per cent 

ending Oct. 31, 1887, ... ... J 2 per cent 

Times for the dividends fixed by the by-laws : January and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 413 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 18S7, 22 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887 252 

Number of accounts opened during the year ending Oct. 31, 1887, . 89 
Number of accounts closed during the year ending Oct. 31, 1887, . 38 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: June 9. 



810,421 33 
4,448 10 
4,584 22 



829,181 44 
11,424 48 
27,565 18 



100 00 
10,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



. 211 



Total amount of Loans with each specified Rate of Interest. 



Amount. 


Kate. 


Amount. Rate. 


Amount. Rate. 


$70,560 00 4 per cent. 
34,500 00 4£ » 


$20,000 00 


5 per cent. 


$62,762 43 6 per cent. 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of$l,00(Tor more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$4,332 15 

6,687 78 

15,154 40 

36,742 90 

71,946 58 

96,572 49 

86,225 22 

2,520 40 

2,414 39 

9,167 73 



Schedule A — Detailed Statement of Public Funds. 



Estimated 
Par Value. ,, , , i Amount Invested. 

Market \ alue. I 



United States 44s, 




,331 25 | $15,634 37 



Schedule B — Detailed Statement of Bank Stocks. 



<H CO 

6 | 
^ 55 


„ „ , Estimated 
Par Value. 

Market Value. 


Amount Invested. 


30 
30 
20 
10 
13 
15 
10 
38 
14 
2 

o 
O 


N'l irk of Redemption, Boston, 
Nat'l Revere Bank, Boston, 
State Nat'l Bank, Boston, 
Shawmut Natl Bank, Boston, 
Natl Webster Bank, Boston, . 
Howard Natl Bank, Boston, . 
North Natl Bank, Boston, 
Market Natl Bank, Boston, . 
Traders' Natl Bank, Boston, . 
Massachusetts Nl B'k, Boston, 
Natl City Bank, Boston, . 


$3,000 
3,000 
2,000 
1,000 
1,300 
1,500 
1,000 
3,800 
1,400 
500 
300 


$3,818 00 
3,780 00 
2,380 00 
1,263 00 
1,339 00 
1,725 00 
1,323 00 
3,534 00 
1,400 00 
530 00 
321 00 


$4,187 75 
3,814 00 
2,040 00 
1.222 75 
1,476 12 
1,744 50 
1,206 25 
4,276 00 
1,949 50 
677 12 
363 25 



212 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Concluded. 



*5 °5 

O o 
O o! 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


28 

10 

5 

5 

10 
13 
63 


N'l B'k of No. America, Boston, 
Eliot Nat'l Bank, Boston, 
Manufacturers' N'l B'k, Boston, 
Fourth Nat'l Bank, Boston, 
Spencer Nat'l Bank, Spencer, . 
First ISTat'l Bank, Grafton, 
Grafton Nat'l Bank, Grafton, . 


$2,800 
1,000 
500 
500 
1,000 
1,300 
6,300 


$2,968 00 
1,320 00 
500 00 
565 00 
1,100 00 
1,560 00 
7,245 00 


$3,200 25 
1,230 00 
550 00 
500 00 
1,000 00 
1,462 50 
6,575 00 




$32,200 


$36,671 00 


$37,474 99 



Commonwealth of Massachusetts. 

Worcester, ss., Dec. 6, 1887. 
Personally appeared Henry F. Wing, Treasurer of the Grafton Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, D. Webster Norcross, Justice of the Peace. 



Worcester, ss., Dec. 6, 1887. 
Personally appeared Geo. K. Nichols, J. B. White, Silas Vinton, S. W. Dodge, Chas. 
L. Pratt and Silas E. Stowe, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, D. Webster Norcross, Justice of the Peace. 



1888. J 



PUBLIC DOCUMENT — No. 8. 



213 



GRANITE SAVINGS BANK — ROCKPORT. 

Incorporated 1884. Number of corporators, 44. 

Wm. E. Windsor, President* Nath'l Richardson, Jr., Treasurer. 

William H. Colby, Clerk. 

Names of committee charged with the investment of its funds : 
Eben G. Abbott, Francis Tarr, 



Hiram J. Philbrook, 
Grafton Butman, 



Wm. E. Windsor. 



Open for business Wednesday and Saturday, 10 a.m. to 12 m., and 2 to 3 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule, . 
Railroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, not on interest, 
Interest account, .... 


$3,965 00 
8,089 75 

11,160 00 

1,200 00 

1,489 63 

3 00 


Deposits, . 
Guaranty fund, 
Profit and loss, . 


$25,849 38 

55 00 

3 00 




$25,907 38 


$25,907 38 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 28 

Aggregate amount of the same, $12,360 00 

Cash on Deposit in Bank : — 
Rockport National Bank, Rockport, f $1,489 63 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $571 70 

Rate and amount of each semi-annual dividend for the year \ 2 per cent., f 205 29 

ending Oct. 31, 1887, J l£ per cent., 1 27118 

Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 322 $20,898 46 

Number and amount of deposits of and exceeding $300 at any one time 

during the year ending Oct. 31, 1887, 15 6,908 50 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 72 4,466 37 

Number of accounts opened during the year ending Oct. 31, 1887, . 123 
Number of accounts closed during the year ending Oct. 31, 1887, . 21 
Amount of expenses ot the corporation during the year ending Oct. 31, 1887, 82 56 

Amount of treasurer's bond, 5,000^00 

Date of examination by commissioner : September 1. 



* The President being absent from the State, could not sign the report. 
t This amount has been reduced to 5 per cent, of deposits. 



214 



BANK COMMISSIONERS' EEPOET. 



[Jan. 



Total amount of Loans with each specified Rate of Interest. 



Amount. 



Eate. 



§2,000 00 



5 per cent. 



Amount. 



Rate. 



Amount. 



§10,360 00 6 per cent. 



Rate. 



Classification of Depositors^ Accounts. 



Number. 



Amount. 



Whole number, 

Of S50 or less, 

Exceeding §50 and not more than §100, 
Exceeding §100 and not more than §200, 
Exceeding §200 and not more than §500, 
Exceeding §500 and less than §1,000, . 

Of §1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust 



248 

136 

34 

34 

36 

5 

3 

110 

2 

8 

2 



§2,083 58 

2,208 06 

4,726 61 

10,943 27 

2,841 34 

3,046 52 

12,913 33 

1,163 69 

1,105 96 

786 13 



Detailed Statement of Public Funds. 





Tar Value. 


Estimated 
Market Value. 


Amount Invested. 


Town of Tilton, N. H., 6s, 
City of Keene, N. H., 4s, . 
Town of Clinton, Mass., 4s, 
City of Walthani, Mass., 4s, 

of Gloucester. Mass., 6s, . 
District of Columbia 6s, . 


§500 

500 

1,000 

1.000 

200 

500 


§587 00 

528 50 

1,047 50 

1,047 50 

200 00 

554 50 


$587 00 

528 50 

1,047 50 

1,047 50 

200 00 

554 50 




$3,700 


$3,965 00 


$3,965 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Maine R.R. 7s, . 

Fitchburg U.K. 4s 

Boston & Lowell R.R. 6s, 
Maine Central R.R. 7s, . 
Maine Central R.R. 6s, 


$2,000 
2,000 1 
1,000 
1,000 

1,000 


$2,375 00 

2.083 50 
1.165 00 
1.263 75 
1,202 50 


1 

$2,375 00 
2,083 50 
1,165 00 
1.263 75 
1,20.2 50 




$7,000 ! 


$8,089 75 


$8,089 75 






1888.] PUBLIC DOCUMENT — No. 8. 215 

Commonwealth of Massachusetts. 

Essex, ss., Nov. 14, 1887. 
Personally appeared Nath'l Richardson, Jr., Treasurer of the Granite Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Zeno A. Appleton, Justice of the Peace. 

Essex, ss., Nov. 14, 1887. 
Personally appeared Eben G. Abbott, J. L. Woodfall, H. H. Thurston, Wm. H. 
Colby and Geo. A. Lowe, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Zeno A. Appleton, Justice of the Peace. 



216 



BANK COMMISSIONERS' REPORT. 



[Jan. 



GREAT BARRINGTON SAVINGS BANK— GREAT BARRINGTON. 

Incorporated Feb. 3, 1869. Number of corporators, 50. 

George Church, President. Chas. J. Taylor, Treasurer. 

Merritt I. Wheeler, Clerk. 

Names of committee charged with the investment of its funds : 
A. C. Collins, H. H. B. Turner. 

A. S. Fassett, Chas. J. Taylor. 

Open for business Tuesday, Thursday and Saturday, 9 a.m. to 12 m., and 1 to 3 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loan on bank stock, . 
Railroad bonds, • . . . 
Real estate (for banking pur- 
poses), 

Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 
Deposit in bank, not on interest, 
Expense account, 
Cash on hand, .... 


$11,000 00 

49,576 92 

315 28 

11,000 00 

13,000 00 

619 45 

203,322 00 

49,406 69 

31,282 86 

10,818 28 

1,063 61 

412 18 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$362,850 77 
9,257 37 
9,709 13 




$381,817 27 


$381,817 27 



Loan on Bank Stock : — 

On 5 shares National Mahaiwe Bank, Great Barrington, .... $315 28 

Invested in real estate (for banking purposes) , $13,000 00 

Estimated value of the same, . . 13,000 00 

Assessed value of the same, 6,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 563 75 

Value (by books) of other real estate, held by foreclosure or otherwise, . 619 45 

Assessed value of the same, 500 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 192 

Aggregate amount of the same, 146,193 97 

Amount of investments from which no income is received, .... 1,247 61 

Cash on Deposit in Banks, amount in each : — 

National Mahaiwe Bank, Great Barrington $10,818 28 

National Bank of Redemption, Boston . 14,567 15 

Springfield Safe Deposit & Trust Company, 16,715 71 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $18,923 49 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., j 6,460 21 

ending Oct. 31, 1887, J 2 per cent., J 6,609 71 

Times for the dividends fixed by the by-laws : January and July. 



1888. J 



PUBLIC DOCUMENT — No. 8. 



217 



Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887, 1,350 $89,664 44 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 60 27,083 89 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 963 81,940 42 

Number of accounts opened during the year ending Oct. 31, 1887, . 337 
Number of accounts closed during the year ending Oct. 31, 1887, . 245 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,460 35 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : October 14. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



1,643 


- 


586 


$11,639 97 


222 


16,086 17 


248 


33,825 85 


331 


109,537 96 


203 


134,770 84 


53 


56,989 98 


871 


183,656 14 


11 


3,479 07 


11 


1,752 62 


29 


7,351 02 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 4is, . 

City of Bridgeport, Ct, 3£s, 



$1,000 
10,000 

$11,000 



$1,085 00 
10,000 00 

$11,085 00 



$1,000 00 
10,000 00 

$11,000 00 



218 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



O <D 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


40 

48 
3 

10 
3 

10 
13 
59 
19 
10 
54 
66 
14 
42 
25 


N'l Mahaiwe B'k, Gt. Barring- 
ton, . 
Lee Nat'l Bank, Lee, 
Pittsfield N'l Bank, Pittsfield, 
First Natl Bank, Adams, 
Housatonic Natl Bank, Stock- 
bridge, 

Faneuil Hall N'l Bank, Boston, 
Suffolk Natl Bank, Boston, . 
N'l B'k of Redemption, Boston, . 
Hamilton Natl Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
New England N'l B'k, Boston, 
Shoe & Leather N'l B'k, Boston, 
Nat'l Union Bank, Boston, 
NIB'kof No. America, Boston, 
Merchants' Nat'l Bank, Boston, 


$4,000 

4,800 

300 

1,000 

300 
1,000 
1,300 
5,900 
1,900 
1,000 
5,400 
6,600 
1,400 
4,200 
2,500 


$5,200 00 

6,240 00 

480 00 

1,450 00 

480 00 
1,300 00 
1,404 00 
7,775 00 
2,280 00 
1,400 00 
7,722 00 
6,600 00 
1,960 00 
4,410 00 
3,450 00 


$5,000 00 

5,816 67 

405 00 

1,280 00 

450 00 
1,300 00 
1,300 00 
7,080 00 
2,227 75 
1,345 00 
7,290 00 
6,600 00 
1,890 00 
4,200 00 
3,392 50 




$41,600 


$52,151 00 


$49,576 92 



Railroad Bonds. 





Par Value. 


Estimated 

i Amount Invested. 

Market Value, i 


Boston & Albany R.R. 7s, 
Boston & Albany R.R. 6s, 
Boston & Lowell R.R. 7s, 
Boston & Providence R.R. 7s, . 


$5,000 
1,000 
3,000 

2,000 


$5,600 00 
1,130 00 
3,360 00 

2,280 00 


$5,000 00 
1,000 00 
3,000 00 
2,000 00 




$11,000 


$12,370 00 


$11,000 00 



Commonwealth of Massachusetts. 

Berkshire, ss., Nov. 15, 1887. 
Personally appeared Charles J. Taylor, Treasurer of the Great Barrington Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 
Before me, A. C. Collins, Justice of the Peace. 

Berkshire, ss., Nov. 15, 1887. 
Personally appeared Geo. Church, Charles J. Burget, M. I. Wheeler, R. Girling, 
Henry T. Robbins and A. S. Fassett, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, A. C. Collins, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



219 



GREENFIELD SAVINGS BANK — GREENFIELD. 

Incorporated 1869. Number of corporators, 30. 



Newell Snow, President. 



Albert M. Gleason, Treasurer. 



Chester C. Conant, Clerk. 



Names of committee charged with the investment of its funds 
Levi J. Gtjnn, Francis M. Thompson, 

Wm. A. Forbes, 
Rob't Abercrombie, 



A. M. Gleason. 



Open for business every business day, 9 a.m. to 12.30 p.m., and 2 to 4 p.m. 



Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$188,500 00 


Deposits, . 


$1,296,299 22 


Loan on public funds, 


500 00 


Earnings undivided, 


4,112 61 


Bank stock as per Schedule B, . 


117,900 00 


Guaranty fund, 


30,000 00 


Loans on bank stock, . 


11,940 no 






Railroad bonds, .... 


20.500 00 






Loans on real estate, . 


665,255 76 






Loans on personal securitv, 


205,849 13 






Loans to counties, cities or towns, 








(notes), 


17,100 00 






Deposits in banks, on interest, . 


45,705 88 






Deposit in bank, not on interest, 


1,806 99 






Expense account, 


1,029 71 






Furniture and fixtures, 


2,000 00 






Premium account, 


51,210 00 






Unpaid interest, . 


238 25 






Cash on hand, .... 


876 11 








$1,330,411 83 


$1,330,411 83 



Loan on Public Funds : — 
On $500 State of New Hampshire 6s, 



$500 00 



Loans on Bank Stock, amount on each : — 
On 90 shares Conway National Bank, Conway, 
On 24 shares Packard National Bank, Greenfield, 
On 18 shares First National Bank, Greenfield, 
On 2 shares Franklin County National Bank, Greenfield, . 
On 10 shares Shelburne Falls National Bank, Shelburne Falls, 
On 10 shares Adams National Bank, No. Adams, 
On 5 shares First National Bank, Northampton, 



$7,600 00 
2,000 00 
200 00 
140 00 
500 00 
1,000 00 
500 00 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, . 468 

Aggregate amount of the same, 



,773 28 



220 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Athol National Bank, Athol, $15,000 00 

Agawam National Bank, Springfield, . , . . . . . . . 7,000 00 

Conway National Bank, Conway, 6,366 86 

Lancaster National Bank, Clinton, 9,000 00 

City National Bank, Holyoke, 3,000 00 

Packard National Bank, Greenfield, 2,357 01 

Peoples' National Bank, Brattleborough, Vt., 1,135 66 

National Bank of Commerce, Boston, 1,806 99 

International Trust Company, Boston 1,017 49 

Springfield Safe Deposit and Trust Company, Springfield 828 86 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, .... $62,033 06 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., j 23,992 06 

ending Oct. 31, 1887, i 2 percent.,! 24,523 33 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,266 $228,923 33 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, . . ... . .228 140,362 39 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,809 217,533 82 

Number of accounts opened during the year ending Oct. 31, 1887, . 543 
Number of accounts closed during the year ending Oct. 31, 1887, . 361 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,205 63 

Amount of treasurer's bond, - . . . 25,000 00 

Date of examination by commissioner : October 3. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Kate. 


$1,017 49 
5,688 39 


2£ per cent. 
3 " " 


$46,000 00 
25,000 00 


4^ per cent 
4| 


$868,644 89 


5 per cent. 



Classification of Depositors* Accounts. 



Number. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding sl()0 and not more than $200, 
Exceeding §200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$14,883 47 

17,958 62 

48,905 96 

171.3S0 87 

460,561 89 

582,608 41 

536,887 99 

15,440 79 

5,081 15 

11,113 39 



1888.] 



PUBLIC DOCUMENT — No. 8. 



221 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested 


City of Burlington, Vt., 5s, 
Town of Pittsfield, Mass., 4is, 
City of Springfield, Mass., 7s, . 
Town of Rutland, Vt., 4|s, 
City of Milwaukee, Wis., 7s, . 
Town of West Rutland, Vt., 5s, 


$35,000 
65,000 
3,000 
40,000 
28,000 
17,500 


$40,250 00 
66,625 00 
3,690 00 
41,600 00 
30,800 00 
17,675 00 


$35,000 00 
65,000 00 
3,000 00 
40,000 00 
28,000 00 
17,500 00 


* 


$188,500 


$200,640 00 


$188,500 00 



Schedule B — Detailed Statement of Bank Stocks. 



<1H 03 

O 4> 






Estimated 




6 5 




Par Value. 






Amount Invested. 


* £ 






Market Value. 




52 


N'l B'k of Redemption, Boston, 


| 

$5,200 


$6,617 00 


$5,200 00 


48 


Nat'l Revere Bank, Boston, 


4,800 


6,000 


00 


4,800 00 


13 


N'l Hide & Leather B'k, Boston, 


1,300 


1,488 


50 


1,300 00 


6 


Nat'l City Bank, Boston, 


600 


649 


50 


600 00 


18 


Market Nat'l Bank, Boston, . 


1,800 


1,674 


00 


1,800 00 


42 


Eliot Nat'l Bank, Boston, 


4,200 


5,418 


00 


4,200 00 


38 


Merchants' Nat'l Bank, Boston, 


3,800 


5,320 


00 


3,800 00 


. 35 


Hamilton Nat'l Bank, Boston, 


3,500 


4,287 


50 


3,500 00 


10 


Second Nat'l Bank, Boston, 


1,000 


1,500 


00 


1,000 00 


3 


Washington N'l Bank, Boston, 


300 


372 


00 


300 00 


30 


Metropolitan N'l Bank, Boston, 


3,000 


3,435 


00 


3,000 00 


50 


Agawam N'l Bank,Springfield, 


5,000 


6,750 


00 


5,000 00 


3 


Chicopee N'l Bank,Springfield, 


300 


540 


00 


300 00 


110 


Third Natl Bank, Springfield, 


11,000 


22,000 


00 


11,000 00 


45 


City Nat'l Bank, Springfield, . 


4,500 


5,850 


00 


4,500 00 


70 


First Nat'l Bank, Springfield, . 


7,000 


11,200 


00 


7,000 00 


13 


Second Nat'l Bank,Springfield, 


1,300 


2,275 


00 


1,300 00 


138 


Holyoke Nat'l Bank, Holyoke, 


13,800 


20,700 


00 


13,800 00 


14 


Hadley Falls N'l B'k, Holyoke, 


1,400 


2,394 


00 


1,400 00 


15 


Crocker N'l B'k, Turner's Falls, 


1,500 


2,025 


00 


1,500 00 


133 


Palmer Nat'l Bank, Palmer, . 


13,300 


17,290 


00 


13,300 00 


12 


First Nat'l Bank, Chicopee, . 


1,200 


1,800 


00 


1,200 00 


50 


First Nat'l Bank, Westfield, . 


5,000 


7,000 00 


5,000 00 


10 


Berkshire N'l Bank, No.Adams, 


1,000 


1,020 


00 


1,000 00 


34 


First Nat'l Bank, Greenfield, . 


3,400 


6,630 


00 


3,400 00 


50 


Orange Nat'l Bank, Orange, . 


5,000 


6,500 


00 


5,000 00 


50 


Conway Nat'l Bank, Conway, 


5,000 


6,000 


00 


5,000 00 


37 


Athol Nat'l Bank, Athol, . 


3,700 


1,255 


00 


3,700 00 


50 


Winchester Nat'l Bank, Win- 












chester, N. H., . . 


5,000 


5,550 


00 


5,000 00 




$117,900 


$166,540 50 


$117,900 00 



222 



BANK COMMISSIONERS' REPORT. [Jan. 



Railroad Bonds. 





Par Value. 


i 

Estimated 

1 Amount Invested. 
Market Value. ; 


Eastern R.R. 6s, ... . 
Newport & Richford R.R. 5s, . 


$10,500 
10,000 


$12,810 00 
10,600 00 


$10,500 00* 
10,000 00* 




$20,500 


$23,410 00 


$20,500 00 



Commonwealth of Massachusetts. 

Franklin, ss., Nov. 12, 1887. 
Personally appeared Albert M. Gleason, Treasurer of the Greenfield Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Chester C. Conant, Justice of the Peace. 

Franklin, ss., Nov. 12, 1887. 
Personally appeared Newell Snow, Levi J. Gunn, Robert Abercrombie, Francis M. 
Thompson and Wm, A. Forbes, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Chester C Conant, Justice of the Peace. 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



223 



HAMPDEN SAVINGS BANK — SPRINGFIELD. 

Incorporated 1852. Number of corporators, 45. 

Eliphalet Tkask, President. Peter S. Bailey, Treasurer. 

Peter S. Bailey, Clerk. 

Names of committee charged with the investment of its funds : 

F. S. Bailey, J. M. Stebbins. 

John Mulligan, 

Open for business every business day, 9 a.m. to 4 p.m. 
Statement. 



ASStTS. 


Liabilities. 


Public funds as per Schedule A, 


$100,000 00 


Deposits, . 


$2,018,604 52 


Loan on public funds, 


20,000 00 


Earnings undivided, 


22,158 31 


Bank stock as per Schedule B, . 


293,993 00 


Guaranty fund, 


48,700 00 


Loans on bank stock, 


40,950 00 


1 




Loans on railroad stocks, . 


6,000 00 






Real estate by foreclosure, 


114,107 25 






Loans on real estate, . 


1,009,780 00 






Loans on personal security, 


350,019 04 






Loans to counties, cities or towns 








(notes), 


12,000 00 






Deposits in banks, on interest, . 


122,000 00 






Deposit in bank, not on interest, 


3,773 15 






Expense account, 


907 15 






Taxes due from State on bank 








stock, 


2,171 13 






Cash on hand, ... 


13,762 11 








$2,089,462 83 


$2,089,462 83 



Loan on Public Funds : — 
On $20,000 United States 4£s, 



$20,000 00 



Loans on Bank Stock, amount on each : — 
On 20 shares Agawam National Bank, Springfield, 
On 15 shares John Hancock National Bank, Springfield, 
On 2 shares Chapin National Bank, Springfield, . 
On 9 shares Chicopee National Bank, Springfield, 
On 5 shares Pynchon National Bank, Springfield, 
On 25 shares Chapin National Bank, Springfield, . 
On 30 shares City National Bank, Springfield, 
On 6 shares Saybrook National Bank, Saybrook, Ct., 
On 50 shares Holyoke National Bank, Holyoke, . 
On 55 shares Agawam National Bank, Springfield, 
On 6 shares First National Bank, Springfield, 
On 5 shai*es Ware National Bank, Ware, 
On 25 shares Third National Bank, Springfield, . 
On 15 shares Housatonic National Bank, Stockbridge, 
On 9 shares Chapin National Bank, Springfield, . 
On 2 shares Chicopee National Bank, Springfield, 



$2,000 00 
500 00 

1,600 00 

5,300 00 

500 00 
5,000 00 

6,000 00 

150 00 
2,500 00 
1,500 00 

1,100 00 



224 



BANK COMMISSIONERS' REPORT. 



[Jan. 



On 5 shares Had ley Falls National Bank, Holyoke, . 
On IS shares National Hide and Leather Bank, Boston, 
On 5 shares J. Hancock National Bank, Springfield, 
On 15 shares City National Bank, Springfield, 
On 7 shares City National Bank, Springfield, 
On 15 shares Agawam National Bank, Springfield, 
On 20 shares Agawam National Bank, Springfield, 
On 5 shares Agawam National Bank, Springfield, 
On 5 shares J. Hancock National Bank, Springfield, 
On 8 shares Agawam National Bank, Springfield, 
On 25 shares Chapin National Bank, Springfield, . 
On 30 shares L'nion National Bank, "Weymouth, . 



§500 00 
2,300 00 

1,500 00 

700 00 

1,200 00 

1,800 00 

1,000 00 

S00 00 
2,500 00 
2,500 00 



Loans on Railroad Stocks, amount on each : — 
On 27 shares Boston & Albany R.R., . 
On 20 shares Connecticut River R.R., . 



83,500 00 
2,500 00 



Value (by books) of other real estate, held by foreclosure or otherwise, . $114,107 25 



Assessed value of fne same, 

Net income received from same during year ending Oct. 31, 1887, 
Number of outstanding loans which are of an amount not exceeding 

83.000 each 242 

Aggregate amount of the same, 

Amount of investments from which no income is received 



S7.200 00 
2,034 00 



357,585 00 

16,150 00 



Cash on Deposit in Banks, amount in each : — 
Agawam National Bank, Springfield, 
Chapin National Bank, Springfield, 



|88,773 15 
37,000 00 



Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1S87, 8101.755 87 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 37,500 90 
ending Oct. 31, 1SS7 J 2 per cent., 1 3S,274 35 

Times for the dividends fixed by the by-laws : February 15 and August 15. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1SS7, 3,745 $387,687 36 

Number and amount of deposits of and exceeding §300 at any one 
time during the year ending Oct. 31, 1SS7, 346 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1SS7 2,671 

Number of accounts opened during the year ending Oct. 31, 1SS7, . 867 

Number of accounts closed during the year ending Oct. 31, 1887, . 678 

Amount of expenses of the corporation during the year ending Oct. 31, 1SS7. 

Amount of treasurer's bond, 

Date of examination by commissioner : June 10. 



215,763 23 



379,942 95 



6,450 00 
10,000 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Hate. 


$102,000 00 


1 per cent. 


$72,000 00 


4£ per cent. 


$1,466,749 04 


5 per cent. 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Classification of Depositors' 1 Accounts. 



225 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $ - 200, . 
Exceeding $200 and not more than $.'.00, . 
Exceeding $5<>0 and less than $1,000, . 

Of $1.0u0 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$19,515 17 
30,977 15 
71,853 75 

260,070 75 

570,977 75 
1,065,209 95 

851.353 00 

23,979 00 

7,340 00 

81,568 00 



Schedule A — Detailed Statement of Public Funds. 



United States 4s, 



Tar Value. 



$100,000 



Estimated 
Market Value. 



Amount Invested. 



$12G,750 00 



$100,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



433 
230 
32 
50 
65 
74 
40 
40 
20 
75 
150 
30 
G6 

50 

50 
85 
50 
50 
75 
50 



Agawam NT B'k, Springfield, 
Cliapin N'l Bank, Springfield, 
Ckicopee NT B'k, Springfield, 
First NatT Bank, Springfield, 
Pynchon N'l Bank, Springfield, 
Third Nat'l Bank, Springfield, 
First NatT Bank, Chicopee, . 
Hadley Falls NT B'k, Holyoke, 
Monson NatT Bank, Monson, . 
Ware NatT Bank, Ware, 
Holyoke NatT Bank, Holyoke, 
First NT Bank, Northampton, 
Hampshire Co. NatT* Bank, 

Northampton, 
Franklin Co. NT B'k, Green- 
field, . . . . 
First Nat'l Bank, Norwich, Ct., 
Thames NT B'k, Norwich, Ct., 
Uncas NT Bank, Norwich, Ct., 
Continental NT Bank, Boston, 
NT Bank of Commerce, Boston, 
Eliot NatT Bank, Boston, 



$13,300 
23,000 
3,200 
5,000 
6,500 
7,400 
4,000 
4,000 
2,000 
7,500 
15,000 
3,000 

G,G00 

5,000 
5,000 
8,500 
2,500 
5,000 
7,500 
5,000 



56,290 


00 


29,1)00 


00 


5,536 


00 


8,000 


00 


11,375 


00 


14,652 


00 


6,800 


00 


6,800 


00 


3,000 


00 


9,375 


00 


22,500 


00 


4,200 


00 


8,382 


00 


5,000 


00 


5,180 


00 


12,325 


00 


3,000 


00 


5,950 


00 


9,150 


00 


6,450 


00 



K7J00 00 

24,700 00 

5,504 00 

6,525 00 

10,985 00 

11,560 00 

5,030 00 

4,732 00 

2,200 00 

10,050 00 

15,000 00 

3,000 00 

7,225 00 



5,250 

5,180 
12,285 

2,900 

5,800 
10,805 00 

6,100 00 



00 
00 
00 
00 
00 



226 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule B — Concluded. 



O <» 

6 | 
^ 53 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


50 
28 
75 
230 
50 
50 
50 
75 
63 
50 
37 
40 


Freeman's Natl Bank, Boston, 
First Natl Bank, Boston, 
Nl Hide & Leather B'k, Boston, 
Merchants 1 Natl Bank, Boston, 
Nl B'k of No. America, Boston, 
Nl B'k of Redemption, Boston, 
Nl B'k of the Republic, Boston, 
Natl Revere Bank, Boston, 
Shawmut Natl Bank, Boston, 
State Natl Bank, Boston, 
Suffolk Natl Bank, Boston, . 
Natl Webster Bank, Boston, . 


$5,000 
2,800 
7,500 

23,000 
5,000 
5,000 
5,000 
7,500 
6,300 
5,000 
3,700 
4,000 


$4,700 00 
6,188 00 
8,587 00 

32,430 00 
5,250 00 
6,350 00 
7,000 00 
9.375 00 
7,938 00 
5,800 00 
4,236 00 
4,120 00 


$5,900 00 
2,800 00 
7,500 00 

27,210 00 
5,700 00 
6,700 00 
6,300 00 
7,500 00 
7,600 00 
5.900 00 
4,500 00 
4,292 00 




$248,800 


$335,839 00 


$293,993 00 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 14, 1887. 
Personally appeared P. S. Bailey, Treasurer of the Hampden Savings Bank, and made 
oath that the foregoing statement, by him subscribed, is a true and correct statement 
of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the wbole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, H. S. Hyde, Justice of the Peace. 



Hampden, ss., Nov. 14, 1887. 

Personally appeared E. Trask, H. S. Hyde, L. J. Powers, F. S Bailey, T. M. Brown 

and A. J.Wright, being five or more of the trustees of said corporation, and severally 

made oath that they have made an examination of the affairs of the bank ; that the books 

* and records of said institution indicate the state of affairs as above attested by their 

treasurer ; and that they believe said statement to be true. 

Before me, P. S. Bailey, Notary Public. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



227 



HAMPSHIRE SAVINGS BANK — NORTHAMPTON. 

Incorporated May 19, 1869. Number of corporators, 29. 

Josephus Crafts, President. Lewis Warner, Treasurer. 

Lewis Warner, Clerk. 

Names of committee charged with the investment of its funds : 
Josephus Crafts, J. H. Demond, 

Wm. H. Dickinson, Orman S. Clark. 

Webster Herrick, 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 


$171,483 42 


Deposits, . 


$774,775 36 


Loans on bank stock, 


11,210 00 


Earnings undivided, 


11,385 59 


Railroad bonds, .... 


10,000 00 


Guaranty fund, 


16,700 00 


Real estate by foreclosure, . 


2,830 00 






Loans on real estate, . 


465,635 88 






Loans on personal security, 


31,637 50 






Loans to counties, cities or towns 








(notes), 


30,300 00 






Deposits in banks, on interest, . 


70,450 00 






Expense account, 


2,498 60 






Cash on hand, .... 


6,815 55 








$802,860 95 


$802,860 95 



Loans on Bank Stock, amount on each : — 
On 12 shares Hampshire County National Bank, Northampton, 
On 24 shares First National Bank, Northampton, 
On 50 shares First National Bank, Easthampton, 
On 5 shares First National Bank, Greenfield, 
On 7 shares Franklin County National Bank, Greenfield, 
On 10 shares Conway National Bank, Conway, 
On 10 shares Home National Bank, Holyoke, 



£1,160 00 

2,200 00 

5,000 00 

500 00 

550 00 

1,000 00 

800 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $2,830 00 

Assessed value of the same, 3,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 248 10 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 286 

Aggregate amount of the same, 285,969 36 

Cash on Deposit in Banks, amount in each : — 

Hampshire County National Bank, Northampton, $38,450 00 

Northampton National Bank, Northampton, 32,000 00 



Whole amount Of interest or profits received or earned during year ending 
Oct, 31, 1887, 



Rate and amount of each semi-annual dividend for the year 1 2 per cent., 
ending Oct. 31, 1887, i 2 per cent., ( 14,680 33 



35,756 61 
14,347 60 



228 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Times for the dividends fixed by the by-laws : May 15 and November 15. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,672 $175,366 84 

Number and amount of deposits of and exceeding $300 at any one 

time daring the year ending Oct. 31, 1887, 173 103,345 16 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,317 159,438 27 

Number of accounts opened during the year ending Oct. 31, 1887, . 423 
Number of accounts closed during the year ending Oct. 31, 1887, . 381 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,498 60 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: July 16. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Bate. 


Amount. 


Rate. 


$70,450 00 
20,000 00 


3^ per cent. 

4 " 


$9,000 00 
453,431 38 


4^ per cent. 
5 


$56,352 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, . ..... 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $',000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, . 



$11,060 22 

19 690 81 

40,129 40 

149.129 81 

292,994 16 

261,770 96 

307.256 00 

2,937 82 

9,780 30 

20,949 10 



Detailed Statement of Bank Stocks. 



"4H CO 

O CD 






Estimated 




o -- 




Par Value. 




Amount Invested. 


^ QQ 






Market Value. 




220 


Hampshire Co. Natl Bank, 










Northampton, 


$22,000 


$27,500 00 


$22,000 00 


83 


Northampton Nl B'k, North- 










ampton, .... 


8,300 


14,525 00 


14,162 50 


45 


First Nl Bank, Northampton, 


4,500 


6,075 00 


6,028 00 


100 


First Nl Bank, Easthampton, 


10,000 


14,500 00 


12,450 00 



1888.] PUBLIC DOCUMENT — No. 8. 

Detailed Statement of Bank Stocks — Concluded. 



229 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



John Hancock N'l B'k, Spring- 
field, .... 
Chicopee N'l B'k, Springfield 
Agawam N'l B'k, Springfield 
Mechanics' N'l B'k, Worcester 
Ware Nat'l Bank, Ware, . 
Union Nat'l Bank, Weymouth 
First Nat'l Bank, Chicopee, 
Home Nat'l Bank, Holyoke, 
Blackstone N'l Bank, Boston 
North Nat'l Bank, Boston, 
Howard Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston 
N'l Hide & Leather B'k, Boston 
N'l Bank of Commerce, Boston 
Tremont Nat'l Bank, Boston, 
Continental N'l Bank, Boston 
N'l B'k of the Republic, Boston 
N'l B'k of No. America, Boston 
Market Nat'l Bank, Boston, 
Mt. Vernon N'l Bank, Boston 
Nat'l Bank of the Common- 
wealth, Boston, . 
Merchants' Nat'l Bank, Boston 
Atlantic Nat'l Bank, Boston, 
Atlas Nat'l Bank, Boston, 
Eliot Natl Bank, Boston, 
Hamilton Nat'l Bank, Boston 
Massachusetts N'l B'k, Boston 
Suffolk Nat'l Bank, Boston, 
Nat'l Revere Bank, Boston, 
Shoe & Leather N'l B'k,Boston 
Globe Nat'l Bank, Boston, 
Third Nat'l Bank, Boston, 
Second Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Manufacturers' N'l B'k,Boston 



$3,400 
500 
2,000 
2,800 
1,200 
1,300 
3,400 
1,000 
2,200 

10,000 
3,300 
3,500 
3,200 
1,500 
4,200 
3,500 
800 
1,000 
3,500 
700 

4,000 
3,000 

900 
3,300 
3,600 

700 
1,500 
3,000 
2,200 
1,000 
4,400 
3,000 
5,000 
1,200 
1,000 



$135,600 



$4,080 00 
850 00 
2,700 00 
3,780 00 
1,560 00 
1,625 00 
5,100 00 
1,050 00 
2,465 00 

13,500 00 
3,729 00 
4,410 
3,712 
1,920 
4,284 
4,270 
1,104 
1,155 
3,255 
959 



00 
00 
00 
00 
00 
00 
00 
00 
00 



5,120 00 
4,200 00 
1,106 00 
3,960 00 
4,788 00 
848 00 
1,530 
3,510 
2,772 
1,040 
4,180 
3,060 00 
7,750 00 
1,284 00 
1,000 00 



00 
00 
00 
00 
00 



1174,256 00 



00 
50 
00 
00 
50 
00 
00 
50 
00 
00 
00 



$3,898 00 
800 00 

2,648 00 

3,749 00 

1,624 

1,592 

5,175 

1,000 

3,247 
12,661 

3,695 

4,477 

3,797 

2,505 

5,386 

4,030 00 

1,032 00 

1,147 50 

4,219 37 
896 00 

4,635 00 
4,260 00 
1,221 75 
3,902 75 
4,640 00 
906 00 
1,920 00 
3,870 00 
2,802 00 
1,736 
5,651 
3,600 
7,900 
1,476 
1,040 



25 
87 
93 
00 
00 
00 



$171,483 42 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Fitchburg R.R. 4s, 



$10,000 



1,725 00 



$10,000 00 



230 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 
Hampshire, ss. Northampton, Nov. 14, 1887. 

Personally appeared Lewis Warner, Treasurer of the Hampshire Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, E. A. Edav ards, Justice of the Peace. 

Hampshire, ss. Northampton, Nov. 14, 1887. 

Personally appeared Josephus Crafts, W. H. Dickinson, Henry A. Kimball, H. P. 
Billings, Orman S. Clark and W. A. Nash, being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of affairs 
as above^attested by their treasurer; and that they believe said statement to be true. 
Before me, E. A. Edwards, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



231 



HAVERHILL SAVINGS BANK — HAVERHILL. 

Incorporated 1829. Number of corporators, 43. 



Geo. A. Kimball, President. 



J. Fred. Adams, Clerk. 



A. B. Jaques, Treasurer. 



Names of committee charged with the investment of its funds : 
Geo. A. Kimball, Eben Mitchell. 

Jas. R. Nichols, 

Open for business every business day, except Saturday, 9 a.m. to 12 m., 2 to 3.30 p.m. 

On Saturday, 9 a.m. to 12 m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$658,800 00 


Deposits, . 


$4,109,421 74 


Loans on public funds, 


124,000 00 j 


Earnings undivided, 


14.036 17 


Bank stock as per Schedule B, . 


494,550 00 


Guaranty fund, 


132,100 00 


Loans on bank stocks, 


47,000 00 






Railroad bonds, .... 


267,000 00 






Loans on railroad bonds, . 


62,000 00 






Loan on railroad stock, 


11,125 00 






Railroad notes, .... 


50.000 00 






Real estate bv foreclosure, 


5,431 65 






Loans on real estate, . 


901,975 00 






Loans on personal security, 


1,437,535 00* 






Loans to counties, cities or towns 








(notes), 


67,000 00 






Deposits in banks, on interest, . 


110,959 66 






Expense account, 


28 00 






Cash on hand, .... 


18,153 60 








$4,255,557 91 
1 


$4,255,557 91 



Loans on Public Funds, amount on each : — 
On $16,000 United States bonds, . 
On $40,000 City of Dover, N. H., bonds, 
On $10,000 Town of Holbrook, Mass., bonds, 
On $10,000 Town of Arlington, Mass., bonds, 
On $20,000 City of Charlestown, Mass., bonds, 
On $29,000 City of Lynn, Mass., bonds, 
On $3,000 State of Maine bonds, . 
On $2,000 State of New Hampshire bonds, . 

Loans on Bank Stocks, amount on each : — 
On 316 shares Essex National Bank, Haverhill, . 
On 82 shares Haverhill National Bank, Haverhill, 
On 12 shares First National Bank, Merrimac, 
On 162 shares Cocheco National Bank, Dover, N. H., . 

Loans on Railroad Bonds, amount on each : — 
On $40,000 Worcester, Nashua & Rochester R.R., 

On $30,000 Maine Central R.R., 

On $5,000 Boston & Maine and $3,000 Boston & Lowell R.R., 
On $5,000 Old Colony R.R., 



$14,000 00 
40,000 00 
10,000 00 
10,000 00 
20,000 00 
25,000 00 
3,000 00 
2,000 00 

$29,800 00 

2,000 00 

1,200 00 

14,000 00 

$27,000 00 

*25,000 00 

5,000 00 

*5,000 00 



* These loans have been reduced within the legal limit. 



232 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Loan on Railroad Stock : — 
On 123 shares Boston & Lowell R.R., $11,125 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $5,431 65 

Assessed value of the same, 4,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 196 48 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 430 

Aggregate amount of the same, 546,525 '00 

Cash on Deposit in Banks, amount in each : — 

Merrimack National Bank, Haverhill, $10,000 00 

Second National Bank, Haverhill, 25,000 00 

Haverhill National Bank, Haverhill 41,36142 

National Bank of Redemption, Boston, 34,598 24 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $204,287 59 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 78,993 49 

ending Oct. 31, 1887, J 2^ per cent., i 98,545 65 

Times for the dividends fixed by the by-laws : third Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 8,415 $471,070 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 314 146,423 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 7,637 660,543 58 

Number of accounts opened during the year ending Oct. 31, 1887, 1,507 
Number of accounts closed during the year ending Oct. 31, 1887, 1,421 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 6,936 80 

Amount of treasurer's bond, . 20,000 00 

Date of examination by commissioner : October 13. 

Total amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 

To the credit of guardians 

To the credit of religious and charitable associat 
In trust, 



ons, 



12,075 

3,624 

1,358 

1 ,572 

2,204 

1,993 

1,324 

6,703 

70 

116 

571 



$65,615 78 

95,351 65 

219,117 92 

729,075 60 

1,2^3,461 88 

1,706,798 91 

2,289,140 45 

36,478 58 

85,525 02 

250,328 30 



1888.] 



PUBLIC DOCUMENT — No. 8. 



233 



Schedule A — Detailed Statement of Public Funds. 



Estimated 
Market Value. 



Amount Invested. 



United States 4s, ... 


$115,000 


$125,445 83 


$115,000 00 


United States 4£s, . 




50,000 


63,750 00 


50,000 00 


City of Haverhill, Mass., 3|s, 




30,000 


29,212 50 


30,000 00 


of Haverhill, Mass., 5s, 




28,000 


29,251 67 


28,000 00 


of Haverhill, Mass., 6s, 




10,000 


10,150 00 


10.000 00 


of Boston, Mass. ,4s, . 




25,000 


25,333 33 


25,000 00 


of Lynn, Mass., 5s, . 




5,000 


5,683 33 


5,000 00 


of Lynn, Mass., 6s, . 




10,000 


11,450 00 


10,000 00 


of Cambridge, Mass., 6s, 




35,000 


35,175 00 


35,000 00 


of Lawrence, Mass., 6s, 




28,000 


29,620 00 


28,000 00 


of Charlestown, Mass., 6s 




10,000 


10,050 00 


10,000 00 


of Fall River, Mass., 5s, 




40,000 


45,100 00 


40,000 00 


of Fall River, Mass., 6s, 




10,000 


11,540 00 


10,000 00 


of Portsmouth, N. H., 6s, 




51,500 


57,650 00 


51,500 00* 


of Dover, N. H., 6s, . 




46,300 


50,927 00 


46,300 00 


of Nashua, N. H., 6s, 




35,000 


36,925 00 


35,000 00 


of Cleveland, Ohio, 5s, 




38,000 


40,325 00 


38,000 00 


of Dayton, Ohio, 4s, 




25,000 


25,000 00 


25,000 00 


of Pawtucket, R. I., 4s, 




25,000 


25,333 33 


25,000 00 


Town of Brookline, Mass., 6s, 


22,000 


24,860 00 


22,000 00 


of Winthrop, Mass., 7s, 


20,000 


22,300 00 


20,000 00 






$658,800 


$715,081 99 


$658,800 00 



Schedule B — Detailed Statement of Bank Slocks. 



O o 






Estimated 




O =5 




Par Value. 






Amount Invested. 


* X 






Market Va 


ue. 




32 


Andover Natl Bank, Andover, 


$3,200 


$4,232 00 


$3,200 00 


50 


Bay State Nl Bank, Lawrence, 


3,750 


6,600 


00 


3,750 00 


100 


First Natl Bank, Maiden, 


10,000 


13,000 


00 


10,000 00 


100 


Natl Bank of Methuen, . 


10,000 


11,500 


00 


10,000 00 


130 


First Natl Bank, Haverhill, . 


13,000 


19,500 


00 


13,000 00 


375 


Haverhill Nl Bank, Haverhill, 


37,500 


60,000 


00 


37,500 00 


300 


Merrimack Nl B'k, Haverhill, 


30,000 


51,000 


00 


30,000 00 


200 


Atlas Natl Bank, Boston, 


20,000 


23,075 


00 


20,000 00 


200 


Blackstone N'l Bank, Boston, 


20,000 


21,300 


00 


20,000 00 


267 


Boston Natl Bank, Boston, 


26,700 


31,773 


00 


26.700 00 


50 


Central Natl Bank, Boston, . 


5,000 


6,500 


00 


5,000 00 


150 


Natl City Bank, Boston, 


15,000 


15,937 


50 


15,000 00 


50 


Columbian Natl Bank, Boston, 


5,000 


6,350 


00 


5,000 00 


100 


Continental Natl B'k, Boston, 


10,000 


11.950 


00 


10,000 00 


100 


Natl Eagle Bank, Boston, 


10,000 


10,000 


00 


10,000 00 


50 


Eliot Natl Bank, Boston, 


5,000 


6,450 


00 


5,000 00 


50 


Everett Natl Bank, Boston, . 


5,000 


4,850 


00 


5,000 00 


150 


Natl Exchange Bank, Boston, 


15,000 


18,993 


75 


15,000 00 



* This was a legal investment when made. 



234 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule B — Concluded. 



No. of 

Shares. 




Par Value. 


Estimated 

Amount Invested. 
Market Value, j 


100 

50 
125 
100 

75 
200 
150 
100 

50 
150 
267 
254 
225 
150 

75 

50 
150 
100 

83 

50 


Faneiiil Hall X'l Bank. Boston, 
First Xafl Bank. Boston. 
Fourth Xat'l Bank, Boston, 
Globe Nat 1 ! Bank. Boston. 
Hamilton Xat'l Bank. Boston. 
X'l Plide & Leather B*k,Boston. 
Howard Xat'l Bank. Boston. . 
Manufacturers 1 X'l B'k.Boston. 
Merchants 1 X'l Bank. Boston. . 
North Xat'l Bank. Boston, 
X'l B'k of Xo. America, Boston, 
XI B'k of Redemption, Boston, 
X"l B'k of the Republic. Boston, 
Shawmut Xat'l Bank. Boston, . 
Shoe & Leather X'l B'k.Boston, 
State Natl Bank, Boston, 
Suffolk Xat'l Bank. Boston, . 
Third Xat'l Bank, Boston. 
Traders' Xat'l Bank, Boston. . 
Xat'l "Webster Bank, Boston, . 


$10,000 

5.000 
12.500 
10,000 

7.500 
20,000 
15.000 
10.000 

5,000 
15.000 
26,700 
25,400 
22,500 
15.000 

7.500 

5.000 
15.000 
10.000 

8.300 

5,000 


$13,925 00 

11.087 50 

14.125 00 

9.212 50 

9.187 50 

22.900 00 

16,162 50 

9.450 00 

7.075 00 

19,650 00 

27.968 25 

32,321 50 

31,500 00 

18,787 50 

7.575 00 

5.812 50 

17.137 50 

10.025 00 

7.822 75 

5,131 25 


$10,000 00 

5,000 00 

12,500 00 

10,000 00 

7,500 00 

20,000 00 

15,000 00 

10.000 00 

5.000 00 

15,000 00 

26,700 00 

25,400 00 

22.500 00 

15,000 00 

7.500 00 

5,000 00 

15,000 00 

10,000 00 

8,300 00 

5,000 00 




8494,550 


8619,867 50 8494,550 00 



Railroad Bonds. 



Tar Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Maine R.R. 7s. . 

Old Colony & Newport R.R. 6s, 

Old Colony & Newport R.R. 7s, 

Fitchburo- R.R. 4s. . 
Fitehburg R.R. 4^s, . 
Leeds & Farming-ton R.R. 6s, . 
Maine Central R.R. 6s, 
Portland and Kennebec R.R. 6s, 
Androscoggin & Kennebec R.R. 
West Amesburv Branch R.R. 7s, 



6s 



875.000 

15,000 

5,000 

50,000 

50,000 

38.000 

10.000 

10.000 

8.000 

6.000 



8267,000 



188.750 00 
17,050 00 

5,858 33 
48,750 
50.375 
42.940 
12,633 
11.050 

8.397 



00 
00 
00 
33 
00 
50 



6,860 00 



875.000 00 

15.000 00 

5,000 00 

50,000 00 

50,000 00 

38,000 00 

10,000 00 

10,000 00 

8,000 00 

6,000 00* 



$292,664 16 



8267,000 00 



Commonwealth of Massachusetts. 
Essex, ss. Haverhill, Xov. 29, 1887. 

t Personally appeared A. B. Jaques, Treasurer of the Haverhill Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by|him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Walter S. Goodell, Justice of the Peace. 



* This was a legal investment when mad 



1888.] PUBLIC DOCUMENT — No. 8. 235 

Commonwealth of Massachusetts. 
Essex, ss. Haverhill, Nov. 29, 1887. 

Personally appeared Geo. A. Kimball, Ehen Mitchell, J. H. Farnsworth, James E. 
Gale and Leverett Kimball, being five or more of the trustees of said corporation, 
and severally made oath tbat they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Walter S. Goodell, Justice of the Peace. 



236 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HAYDENVILLE SAVINGS BANK — HAYDENVILLE. 

Incorporated March 17, 1869. Number of corporators, 80. 

Elnathan Graves, President. B. S. Johnson, Treasurer. 

Henry C. Smith, Clerk. 

Names of committee charged with the investment of its funds : 
F. M. Carter, Byron Loomis, 

George Marks, F. S. Warner. 

C. D. Waite, 

Open for business every business day, 10 a.m. to 12 m., and 2 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$22,329 55 


Deposits, . 


$245,504 16 


Bank stock as per Schedule B, . 


36,333 30 


Earnings undivided, 


4,041 57 


Loan on hank stock, . 


400 00 


Guarantv fund, 


5,960 81 


Railroad bonds, .... 


5,737 50 1 






Real estate by foreclosure, 


2,937 87 






Loans on real estate . 


121,035 16 






Loans on personal security, 


48,045 07 






Loans to counties, cities or towns 








(notes) 


11,285 00 






Deposits in banks, on interest, . 


6,722 92 






Deposit in bank, not on interest, 


233 50 






Expense account, 


321 20 






Cash on hand, .... 


125 47 








§255,506 54 


$255,506 54 



Loan on Bank Stock : — 

On 5 shares First National Bank, Easthampton, $400 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $2,937 87 

Assessed value of the same, 1,660 00 

Net income received from same during year ending Oct. 31, 1887, . . 85 00 
Number of outstanding loans which are of an amount not exceeding S3, 000 

each 348 

Aggregate amount of the same, 169,065 23 

Amount of investments from which no income is received, .... 3,055 81 

Cash on Deposit in Banks, amount in each : — 

Home National Bank, Holyoke, $5,000 00 

Hampshire County National Bank, Northampton, 761 83 

First National Bank, Northampton, 233 50 

Conway National Bank, Conway, 961 09 

Whole amount of interest or profits received or earned during the year end- 
ing Oct. 31, 1887, $13,204 12 

Rate and amount of each semi-annual dividend for the year J 2 per cent., j 4,921 96 

ending Oct. 31, 1887 J 2^ per cent., 1 5,491 37 



1888.] 



PUBLIC DOCUMENT — No. 8. 



237 



Times for the dividends fixed by the by-laws : second Tuesday in January 
and July. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 6 5-12. 

Date of the last extra dividend : January 9, 1877. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 680 $47,958 65 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, . . . . . .48 22,500 26 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 572 59,669 32 

Number of accounts opened during the .year ending Oct. 31, 1887, . 130 

Number of accounts closed during the year ending Oct. 31, 1887, . 148 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1 ,300 69 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : February 9. 



Total amount of Loans ivith each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Hate. 


Amount. 


Rate. 


$1,722 92 3£ per cent. 
5,000 00 4| " 


$1,460 00 
11,925 00 


4| per cent. 
5 


$-5,000 00 
162,380 23 


% per cent. 
6 " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $oO or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $-500, 
Exceeding $500 and less than $1,000, . 

Of $1,000' or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$4,461 59 

.5,442 90 

1.5,581 98 

57,252 33 

65,048 92 

97,716 44 

84.394 30 

5 335 06 

2.004 71 

27,026 98 



Schedule A — Detailed Statement of Bublic Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Holyoke, Mass., 7s, 

of Charlfcstown, Mass., 6s, 


$15,000 
5,000 


$17,500 00 
5,400 00 


$17,329 55 
5,000 00 




.$20,000 


$22,900 00 


$22,329 55 



238 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. ■ 



o a> 

— 
© & 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


59 
23 

43 

58 

10 
50 
11 
50 


Conway Natl Bank, Conway, 
Hampshire Co. NatT Bank, 

Northampton, 
First N'l Bank, Easthampton, 
Southington Nl Bank, South- 

ington, Ct., . . , 
Chicopee NT B'k, Springfield, 
Home NatT Bank, Holyoke, . 
First NT Bank, Northampton, 
First Natl Bank, Amherst, 


$5,900 

2,300 
4,300 

5,800 
1,000 
5,000 
1,100 
5,000 


$7,375 00 

2,875 00 
6,450 00 

6,264 00 
1,750 00 
5,350 00 
1,485 00 
7,600 00 


$6,607 80 

2,845 00 
5,290 00 

5,935 00 
1,700 00 
5,000 00 
1,435 50 

7,520 00 




$30,400 


$39,149 00 


$36,333 30 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany B.R. 7s, 


$5,000 


$5,750 00 


$5,737 50 



Commonwealth of Massachusetts. 

Hampshire, ss., Nov. 12, 1887. 
Personally appeared B. S. Johnson, Treasurer of the Haydenville Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Thos. M. Carter, Justice of the Peace. 

Hampshire, ss., Nov. 12, 1887. 
Personally appeared Byron Loomis, H. C. Smith, C. D. Waite, Geo. Marks, C. S. 
Wheeler and Elnathan Graves, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by tneir treasurer ; and that they believe said statement to be true. 

Before me, Thos. M. Carter, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



239 



HINGHAM INSTITUTION FOR SAVINGS — HINGHAM. 

Incorporated April 2, 1834. Number of corporators, 59. 

Daniel Bassett, President. Henry C. Harding, Treasurer. 

Henry C. Harding, Clerk. 

Names of committee charged with the investment of its funds : 
Daniel Bassett, . Elijah Shute, 

Joseph Sprague, Edmund Hersey, 2d. 

Open for business every business day, 8 a.m. to 12 m., 1.30 to 4 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 

Loans on public funds, 

Bank stock as per Schedule B, 

Loan on bank stock, . 

Railroad bunds, . 

Real estate (for banking pur 

poses), .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Deposits in banks, not on in 

terest, .... 
Expense account, 
Lawrence Duck Co., . 
Boston & Provincetown S.S. Co., 
Cash on hand, . 



$75,000 00 
33,500 00 

148,417 00 

500 00 

45,000 00 

3,000 00 

10,435 13 

923,295 00 

616,168 78 

73,000 00 
21,477 95 

6,574 51 
2,395 45 
25,000 00* 
300 00* 
718 97 



,984,812 79 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 
Suspense account, . 



L,910,275 57 

25,643 83 

48,650 00 

243 39 



$1,984,812 79 



Loans on Public Funds, amount on each : — 

On $1,000 United States 4s, 

On $1,000 United States 4s and $2,000 United States 4£s, .... 

On $15,000 City of Springfield, Mass., 7s, 

On $10,000 City of Portsmouth, N. H., 6s and $5,000 City of Fall River, 
Mass., 6s,f ' 

Loan on Bank Stock : — 
On 4 shares Massachusetts National Bank, Boston, . . 

Invested in real estate (for banking purposes), 

Estimated value of the same, 

Assessed value of the same, 

Value (by books) of other real estate, held by foreclosure or otherwise, . 

Assessed value of the same, 

Net income received during year ending Oct. 31, 1887, 



$1,000 00 

2,500 00 

15,000 00 

15,000 00 



$500 00 

$3,000 00 

3,000 00 

2,500 00 

10,435 13 

11,870 00 

438 37 



* To secure indebtedness. 

t The bonds of City of Portsmouth have been changed and the loan is now legal. 



240 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 295 

Aggregate amount of the same, $267,360 00 

Amount of investments from which no income is received, .... 25,483 78 

Cash on Deposit in Banks, amount in each : — 

Hingham National Bank, Hingham, . . $1,261 50 

National Webster Bank, Boston, 5,313 01 

Shoe & Leather National Bank, Boston, 21,477 95 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $96,188 59 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 36,979 34 

ending Oct. 31, 1887 J 2 per cent., 1 37,205 89 

Times for the dividends fixed by the by-laws: first Tuesday in January 

and July. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend : 4 6-10. 
Date of the last extra dividend : January, 1883. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,739 $166,104 21 

Number and amount of deposirs of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 152 84,289 32 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,727 212,343 03 

Number of accounts opened during the year ending Oct. 31, 1887, . 368 
Number of accounts closed during the year ending Oct. 31, 1887, . 281 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,573 88 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : May 9. 

Total amount of Loans with each specified Rate of Interest, including 
JDeposi's in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Kate. 


$21,477 95 

60,843 78 

31,000 00 

27>,liK) 00 

100,000 00 


2£ per cent. 
4 " 

4| " 


$25,000 00 

582,722 00 

218,650 00 

25,0u0 00 


4§ per rent. 
5 " 

o 4 


$260,0 13 00 

30,000 00 

31,955 00 

3,150 00 


6 per cent. 

7 

7 3 " 
10 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



WIioIp number, 

Of $50 or 'e>s 

Exceeding $tf0 and not more thnn $100, 
Exceeding $100 and not more than $200, 
Exceeding $ 00 and not more thnn ^500, 
Excei ding $500 and less than $1,000, . 

Of $1,000 o- more, 

To i lie crcd t >f women, both adult and minor, 

To the credit of guardians 

To the credit of religious and charitable associat 
In trust, 




$17,355 67 

30,966 44 

70 638 40 

263 660 90 

555,383 48 

972.261 68 

906,9 47 26 

8,353 24 

61,3 i8 20 

219,115 46 



1888.] 



PUBLIC DOCUMENT — No. 8, 



241 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
„ • ', Amount Invested. 
Market Value. 


City of Boston, Mass., 4s, 
City of Des Moines, Iowa, 4|s, 


$50,000 
25,000 


$50,500 00 
25,000 00 


$50,000 00 
25,000 00 




$75,000 


$75,500 00 


$75,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



. >-■ 

O cl 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


178 
7 
20 
16 
28 
30 
38 
75 
54 
82 

100 
50 
46 
42 
36 
8 
75 
20 
80 
75 

112 
82 
26 
36 

100 
50 
60 


Hino;ham Nl Bank, Hinoliam, 
Abington Nl Bank, Abington, 
Brockton Nl Bank, Brockton, 
Old Colony Nl B'k, Plymouth, 
Union Natl Bank, Weymouth, 
First Natl Bank, Chelsea, 
Atlantic Natl Bank, Boston, . 
Atlas Natl Bank, Boston, 
Natl City Bank, Boston, . 
Nl Bank of Commerce, Boston, 
Natl Eagle Bank, Boston, 
First Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
Market Natl Bank, Boston, . 
Massachusetts Nl B'k, Boston, 
Merchants 1 Natl Bank,Boston, 
New England Nl B'k, Boston, 
Nl B'k of No. America, Boston, 
Nl B'k of the Republic, Boston, 
Natl Revere Bank, Boston, 
Shoe & Leather NlB'k,Boston, 
State Natl Bank, Boston, 
Suffolk Natl Bank, Boston, . 
Tremont Natl Bank, Boston, . 
Natl Union Bank, Boston, 
Natl Webster Bank, Boston, . 


$12,460 
700 
2,000 
1,600 
2,800 
3,000 
3,800 
7,500 
5,400 
8,200 

10,000 
5,000 
4,600 
4,200 
3,600 
2,000 
7,500 
2,000 
8,000 
7,500 

11,200 
8,200 
2,600 
3,600 

10,000 
5,000 
6,000 


$13,350 00 

840 00 

2,240 00 

2,400 00 

2,260 00 

3,990 00 

5,063 00 

8,662 50 

5,737 50 

9,840 00 

10,000 00 

11,087 50 ■ 

4,237 75 

5,145 00 

3,303 00 

2,050 00 

10,500 00 

2,920 00 

8,380 00 

10,500 00 

14,000 00 

8,282 00 

3,016 00 

4,122 00 

10,050 00 

7,225 00 

6,150 00 


$12,460 00 
687 00 
2,000 00 
1,600 00 
2,800 00 
3,000 00 
3,800 00 
7,500 00 
5,400 00 
8,200 00 

10,000 00 
5,000 00 
4,600 00 
4,200 00 
3,600 00 
2,000 00 
7,500 00 
2,000 00 
8,000 00 
7,500 00 

11,200 00 
8,200 00 
2,600 00 
3,600 00 

10,000 00 
5,000 00 
6,000 00 




$148,460 


$175,351 25 


$148,447 00 



242 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 
Boston & Lowell R.R. 7s, 
Boston & Maine R.R. 7s, . 
Old Colony R.R. 7s, . 
Eastern R.R. 6s, . . 


$10,000 

10,000 

10,000 

10,000 

5,000 


$11,050 00 

11,050 00 

11,500 00 

11,200 00 

6,000 00 


$10,000 00 

10,000 00 

10,000 00 

10,000 00 

5,000 00* 




$45,000 


$50,800 00 


$45,000 00 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 15, 1887. 
Personally appeared Henry C. Harding, Treasurer of the Hingham Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Sidney Sprague, Justice of the Peace. 

Plymouth, ss., Nov. 15, 1887. 
Personally appeared Daniel Bassett, Joseph Sprague, Edmund Hersey, 2d, Charles B. 
W. Lane and Joseph Ripley, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and :hat they believe said statement to be true. 

Before me, Sidney Sprague, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



243 



HOLLISTON SAVINGS BANK — HOLLISTON. 

Incorporated 1872. Number of corporators, 50. 

Seth Thayer, President. Orrin Thomson, Treasurer. 

Orrin Thomson, Clerk. 

Names of committee charged with the investment of its funds : 
J. M. Batchelder, Henry Bullard. 

Uriel Cutler, 

Open for business every business day, except Saturday, 9 a.m. to 12 m., and 1.30 to 
3.30 p.m ; Saturday, 9 a.m. to 12 m. 

Statement. 




Loans on Bank Stock, amount on each : — 

On 45 shares Holliston National Bank, Holliston, $ 3,000 00 

On 35 shares Central National Bank, Boston, 1,590 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $7,975 00 

Assessed value of the same, 9,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 392 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 296 

Aggregate amount of the same, . . . 251,347 00 

Amount of investments from which no income is received, .... 3,00000 

Cash on Deposit in Banks, amount in each : — 

Holliston National Bank, Holliston, . . $6,751 86 

National Bank of the Commonwealth, Boston, 2,000 75 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $24,720 46 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 8,980 73 

ending Oct. 31, 1887,t . J 2 per cent., 1 8,958 48 

* Taken to secure indebtedness. 

f Owing to a change of time in crediting dividends to the deposit account an additional 
dividend of $8,707.79 enters into the business of the current year. 



244 



BANK COMMISSIONERS' REPORT. [Jan. 



Times for the dividends fixed by the by-laws : first Tuesday in June and 

December. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 976 $68,429 51 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 55 30,434 07 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 948 $9,340 76 

Number of accounts opened during the year ending Oct. 31, 1887, . 173 
Number of accounts closed during the year ending Oct. 31, 1887, . 164 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,861 73 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : January 27. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$2,000 00 

1,752 00 

31,000 00 


2j| per cent. 
3 " 


$1,000 00 
12,300 00 
22,200 00 


4 per cent. 
4£ " 

5 " 


$38,650 00 
271,807 00 


5£ per cent. 
6 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$7,412 65 

10,490 84 

27,824 18 

96,547 32 

174,382 37 

133,382 39 

233,772 84 

6,945 77 

9,492 83 

22,063 79 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, ... . 
City of Lewiston, Me., 5s, 

of Providence, R. I., 4|s, . 

of Worcester, Mass., 6s, . 


$4,400 
2,000 
1,000 
4,000 


$5,566 00 
2,240 00 
1,100 00 
4,520 00 


$4,400 00 
2,000 00 
1,000 00 
4,000 00 




$11,400 


$13,426 00 


$11,400 00 



1888.] PUBLIC DOCUMENT — No. 8. 245 

Schedule B — Detailed Statement of Bank Stocks. 



o <u 

6 1 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


129 

15 

6 

30 

30 
38 
40 
17 

24 

25 

7 

14 
30 


Holliston Nl Bank, Holliston, 
Blue Hill Natl Bank, Milton, 
Framingham Natl Bank, 

Framingham, 
So. Framingham Natl Bank, 

So. Framingham, . 
Franklin Nl Bank, Franklin, 
Natl Webster Bank, Boston, . 
Old Boston Nl Bank, Boston, 
Natl Bank of the Common- 
wealth, Boston, . 
State Natl Bank, Boston, 
Traders 1 Natl Bank, Boston, . 
Blackstone Natl Bank, Boston, 
Market Natl Bank, Boston, . 
Home Natl Bank, Brockton, . 


$12,900 
1,500 

600 

3,000 
3,000 
3,800 
2,000 

1,700 
2,400 
2,500 
700 
1,400 
3,000 


$15,480 00 
1,600 00 

• 870 00 

3,000 00 
3,400 00 
3,952 00 
2,280 00 

2,100 00 
2,784 00 
2,400 00 
756 00 
1,288 00 
3,600 00 


$12,900 00 
1,500 00 

600 00 

3,000 00 
3,000 00 
3,800 00 
2,000 00 

1,700 00 
2,400 00 
2,500 00 
700 00 
1,400 00 
3,000 00 




$38,500 


$43,510 00 


$38,500 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Salem & Lowell R.R. 6s, . 
Boston & Albany R.R,. 7s, 


$5,700 
5,000 


$6,270 00 
5,550 00 


$5,700 00 
5,000 00 




$10,700 


$11,820 00 


$10,700 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 9, 1887. 
Personally appeared Orrin Thomson, Treasurer of the Holliston Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Geo. B. Fiske, Justice of the Peace. 

Middlesex, ss., Nov. 9, 1887. 
Personally appeared Seth Thayer, Henry Bullard, Hiram Lake, Martin B. Rockwood 
Wm. Hamilton and James H. Leland, being five or more of the trustees of said corpora- 
tion, and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Geo. B. Fiske, Justice of the Peace. 



246 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HOLYOKE SAVINGS B ANK — HOLYOKE . 

Incorporated 1855. Number of corporators, 89. 



Geo. W. Prentiss, President. 



C. W. Johnson, Clerk. 



R. B. Johnson, Treasurer. 



Names of committee charged with the investment of its funds : 
Geo. W. Prentiss, Levi Perkins, 

Wm. Whiting, C. H. Smith. 

Open for business every business day, 9 a.m. to 4 p.m., and Saturday evenings, 7 to 8. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 

Loan on public funds, 

Bank stock as per Schedule B, . 

Loans on bank stock, 

Railroad bonds, .... 

Loans on railroad bonds, . 

Loans on real estate, . 

Loans on personal security, 

Deposits in banks, on interest, . 

Expense account, 

Cash on hand, .... 


$63,400 00 

600 00 

231,800 00 

10,400 00 

109,000 00 

950 00 

1,070,766 00 

344,201 00 

184,637 11 

1,465 42 

15,601 98 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$1,944,999 56 
41,821 95 
46,000 00 




$2,032,821 51 


$2,032,821 51 



Loan on Public Funds : — 

On $600 United States 4s, $600 00 

Loans on Bank Stock, amount on each : — 

On 10 shares City National Bank, Holyoke, . . . - . . . . $300 00 

On 4 shares Franklin County National Bank, Greenfield, .... *400 00 

On 2 shares Third National Bank, Springfield, 200 00 

On 12 shares Hadley Falls National Bank, Holyoke, . . . * 1,200 00 

On 32 shares Holyoke National Bank, Holyoke, . . . ~_. . . 3,100 00 

On 52 shares Palmer National Bank, Palmer, 5,200 00 

Loan on Railroad Bonds : — 

On $1,000 Boston, Concord & Montreal R.R. 6s, *$950 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 249 

Aggregate amount of the same, $298,881 00 

Cash on Deposit in Banks, amount in each : — 

Chapin National Bank, Springfield, $15,000 00 

City National Bank, Springfield, 15,000 00 

Agawam National Bank, Springfield, 25,000 00 

First National Bank, Chicopee, 8,000 00 

Home National Bank, Holyoke, 12,500 00 



* These loans have since been paid. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



247 



Springfield Safe Deposit & Trust Company, Springfield, .... $10,000 00 

Maverick National Bank, Boston, 8,902 47 

Hampshire County National Bank, Northampton, 10,000 00 

Conway National Bank, Conway, 10,000 00 

Holyoke National Bank, Holyoke, 70,234 64 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $97,451 57 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 33,867 37 

ending Oct. 31, 1887, I 2 per cent., 1 34,809 39 

Times for the dividends fixed by the by-laws : January and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, . . . . ' . . 11,453 $572,484 00 
Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, . . . . . .308 177,327 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 4,591 490,166 35 

Number of accounts opened during the year ending Oct. 31, 1887, 1,320 
Number of accounts closed during the year ending Oct. 31, 1887, 1,020 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 4,568 74 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner : December 5. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$8,902 47 
167,734 64 


2^ per cent. 
4 " 


$43,000 00 
1,315,121 00 


4^ per cent. 
5 " 


$12,096 00 
64,700 00 


5£ per cent. 
6 



Classification of Depositors^ Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$31,825 00 

49,971 02 

128,211 23 

384,767 71 

579,608 42 

770,616 18 

747,754 27 

12,993 04 

17,772 27 

14,625 97 



248 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 6s, . 


$10,000 


$12,500 00 


$10,000 00 


United States 4s, . 


1,500 


1,900 00 


1.500 00 


United States 4ls, .... 


400 


432 00 


400 00 


Commonwealth of Massachusetts 5s, 


13,000 


14,000 00 


13,000 00 


City of Boston, Mass., 4s, 


25,000 


25,750 00 


25,000 00 


of Boston, Mass., 6s, 


3,000 


3,850 00 


3,000 00 


of Holyoke, Mass., 7s, 


1,500 


1,590 00 


1,500 00 


of Holyoke, Mass., 6s, 


5,000 


5,600 00 


5,000 00 


of Chelsea, Mass., 6s, 


1,000 


1,130 00 


1,000 00 


of Fall River, Mass., 6s, . 


3,000 


3,600 00 


3,000 00 




$63,400 


$70,352 00 


$63,400 00 



Schedule B — Detailed Statement of Bank Stocks. 



X 7? 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



356 
186 

50 
168 

50 
145 

62 

87 

151 
96 

20 

42 

17 

97 

3 

57 
4 
22 
11 
25 
;;:) 

5 

18 
1 

2 
20 



Holyoke Nat'l Bank, Holyoke 
Hadley Falls N'l B'k, Holyoke 
Agawarn N'l Bank, Springfield 
First Nat'l Bank, Springfield, 
Second N'l Bank, Springfield, 
Third Nat'l Bank, Springfield 
Chicopee N'l B'k, Springfield 
John Hancock N'l B'k, Spring- 
field, 
First N'l Bank, Northampton 
Northampton N'l Bank, North- 
ampton, 
Hampshire Co. Nat'l Bank 

Northampton, 
First N'l Bank, Easthampton 
Railroad Nat'l Bank, Lowell 
Townsend N'l B'k, Townsend 
Shelburne Falls Natl Bank 

Shelburne Falls, . 
Conway Xafl Rank, Conway, 
First Nat'l Bank, AVestfield, 
First Nat'l Bank, Adams, 
Pittsfield N'l Bank, Pittsfield, 
Monson Nat4 Bank, Monson, 
Franklin Co. N'l Bank, Green- 
field. 
First N'l Bank, Newburyport 
Miller's River N'l Bank,Athol 
Merrimack N'l B'k, Haverhill 
First Nat'l Bank, Haverhill, 
First Xafl Bank, Chicopee, 



£35,600 
18,600 

5,000 
16,800 

5,000 
14,500 

6,200 

8,700 
15,100 

9,600 

2,000 
4.200 
1,700 
9,700 

300 
5,700 

400 
2,200 
1,100 
2,500 

3,300 
500 

1,800 
L00 

200 
2,000 



$53,400 00 
29,760 00 

6,500 00 
26,040 00 

9,000 00 
29,000 00 
10,230 00 

9,500 00 
19,630 00 

16,800 00 

2,400 00 

5,460 00 

2,000 00 

12,000 00 

300 00 
6,500 00 

500 00 
3,000 00 
1,700 00 
3,750 00 

3,300 00 
500 00 

3,150 00 
150 00 
275 00 

3,000 00 



$35,600 00 
25,000 00 

5,000 00 
20,500 00 

9,000 00 
21,000 00 

8,000 00 

9,900 00 
18,400 00 

13,500 00 

2,000 00 

4,200 00 

1,700 00 

12,000 00 

300 00 

5,700 00 

400 00 

2,200 00 

1,100 00 

2,500 00 

3,300 00 
500 00 

1,800 00 
100 00 
200 00 

2,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



249 



o <x> 
. t- 

o ^ 




Par Value. 


Estimated 

Market Value. 


Amount Invested. 


11 


Ware Nat'l Bank, Ware, . 


$1,100 


$1,300 00 


$1,100 00 


66 


Palmer Nat'l Bank, Palmer, . 


6,600 


8,250 00 


6,600 00 


60 


Stafford Nat'l Bank, Stafford 








50 


Springs, Ct., 
First Natl Bank, Amherst, 


6,000 
5,000 


7,000 00 


6,000 00 
5,000 00 


5 


First Natl Bank, Greenfield, . 


500 


1,000 00 


500 00 


30 


First Natl Bank, Worcester, 


3,000 


5,400 00 


3,000 00 


37 


Rollstone Nl Bank, Fitchburg, 


3,700 


5,180 00 


3,700 00 




$198,700 


$285,975 00 


$231,800 00 



Railroad Bondz 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Fitchburg R.R. 4s, . 


$15,000 


$15,000 00 


$15,000 00 


Fitchburg R.R. 7s, . 


2,000 


2,300 00 


2,000 00 


Boston & Lowell R.R. 4s, . , 


18,000 


18,000 00 


18,000 00 


Boston & Albany R.R. 7s, 


7,000 


7,700 00 


7,000 00 


Boston & Albany R.R. 6s, 


7,000 


7,800 00 


7,000 00 


Boston, Rev. Beach & Lynn R.R. 6s, 


5,000 


5,800 00 


5,000 00 


Boston & Maine R.R. 7s, . 


9,000 


10,350 00 


9,000 00 


Old Colony R,R. 5s, ... 


2,000 


2,050 00 


2,000 00 


Old Colony R.R. 6s, ... 


17,000 


19,100 00 


17,000 00 


Mansfield & Framingham R.R. 7s, . 


9,000 


9,450 00 


9,000 00 


Comi. & Passumpsic Rivers R.R. 7s, 


10,000 


11,300 00 


10,000 00* 


Nashua & Lowell R.R. 6^s, 


8,000 


8,700 00 


8,000 00 




$109,000 


$117,550 00 


$109,000 00 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 15, 1887. 
Personally appeared R. B. Johnson, Treasurer of the Holyoke Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, C. W. Johnson, Justice of the Peace. 

Hampden, ss., Nov. 15, 1887. 
Personally appeared Geo. W. Prentiss, Wm. A. Prentiss, Levi Perkins, James F. 
Allyn and C. H. Prentiss, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, C. W. Johnson, Justice of the Peace. 



* This was a legal investment when made. 



250 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HOME SAYINGS BAXK — BOSTON. 

Incorporated 1S69. Number of corporators, 56. 



Chas. H. Allex, President. 



W. E. Hooper, Clerk. 



TV. E. Hooper, Treasurer. 



Names of committee charged with the investment of its funds : 
Chas. H. Allex, Henry Mason, 

Wm. Athertox, Johx W. Leightox, 

Newtox Talbot, Thos. F. Temple. 

Open for business every business day, 9 a.m. to 2 p.m., and Saturday for deposits till 

8 P.M. 

Statement. 



Assets. 




Liabilities. 


Public funds as per Schedule A, 


822.000 00 


Deposits, . 


§2,549.786 52 


Loans on public funds, 


5,500 00 


Earnings undivided, 


32.861 45 


Bank stock as per Schedule B, . 


322,800 00 


Guaranty fund, 


106,300 00 


Loans on bank stock, . 


17.200 00 






Railroad bonds 


30,000 00 






Real estate by foreclosure, . 


20.349 92 






Loans on real estate, . 


1.436,660 96 






Loans on personal securitv, 


804,115 41 






Deposits in banks, on interest, . 


19,104 17 






Expense account, 


2.061 34 






Loans on depositors' books, 


800 00 






Suspense account, 


3 50 






Cash on hand, 


8,352 67 








$2,688,947 97 


82,683,947 97 



Loans on Public Funds, amount on each : — 

On 82,500 United States 4s, . 

On 81,000 City of Lawrence Mass., 6s, . 

On 82,000 St. Johnsbury, Vt., 4£s, . 



Loans on Bank Stock, amount on each : — 

On 55 shares Central National Bank, Boston, 

On 20 shares Metropolitan National Bank, Boston, 

On 10 shares National Bank of North America, Boston, 

On 15 shares Continental National Bank, Boston, 

On 32 shares Boylston National Bank, Boston, 

On 20 shares Second National Bank, Boston, 

On 8 shares Metropolitan National Bank, Boston, 

On 23 shares National Exchange Bank, Boston, . 



Value (by books) of real estate, held by foreclosure or otherwise. 
Assessed value of the same, 



82,500 00 
1,000 00 
2,000 00 



85.000 00 
* 2,000 00 

2,000 00 
3,200 00 

5,000 00 



820,349 92 
51,850 00 



* This loan has been paid. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



251 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 188 

Aggregate amount of the same, $253,711 00 

Amount of investments from which no income is received 10,892 80 

Cash on Deposit in Banks, amount in each : — 

Central National Bank, Boston, $13,117 00 

Boylston National Bank, Boston, 5,987 17 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $134,367 43 

Rate and amount of each semi-annual dividend for the year j 2 per cent., J 44,119 75 
ending Oct. 31, 1887, j 2 per cent., 1 45,766 91 

Times for the dividends fixed by the by-laws : second Wednesday in April 
and October. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend: 4y 6 o 6 oV 

Date of the last extra dividend : April 1, 1884. 

Number and amount ot deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 12,064 $834,257 11 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 647 383,714 10 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887, 7,932 690,346 11 

Number of accounts opened during the year ending Oct. 31, 1887, 2,262 

Number of accounts closed during the year ending Oct. 31, 1887, 1,428 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 17,090 50 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : January 27. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$19,104 17 
30,000 00 
50,000 00 

241,700 00 
18,000 00 


3 per cent. 

4 

4i 

4i " 

4| 


$943,420 83 

74,190 00 

210,960 00 

79,319 58 


5 per cent. 
o\ " 
5£ " 
5| " 


$516,215 96 
37,800 00 
39,170 00 
23,500 00 


6 per cent. 

7 

7k " 



Classification of Depositors'* Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, 
To the credit of religious and charitable associations, 
In trust, 



$60,891 90 

72,455 57 

169,648 92 

485,599 64 

787,671 86 

973,518 63 

752,557 03 

21,430 48 

26,917 98 

323,009 79 



252 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States Reg. 4s, 

City of Milwaukee, Wis., 5s, . 


$20,000 
2,000 


$25,350 00 
2,000 00 


$20,000 00 
2,000 00 




$22,000 


$27,350 00 


$22,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



* 5. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



13 

180 

81 

14 

40 

20 

52 

70 

125 

98 

80 

50 

128 

150 

20 

100 

200 

200 

50 

113 

180 

150 

400 

180 

82 

40 

182 

100 

50 

50 



Atlantic Natl Bank, Boston, 
Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston 
Boston Natl Bank, Boston, 
Columbian Natl Bank, Boston 
Continental Nl Bank, Boston 
Eliot Natl Bank, Boston, 
Everett Natl Bank, Boston, 
First Natl Bank, Boston, 
Freeman's Natl Bank, Boston 
Hamilton Natl Bank, Boston 
Nl Hide & Leather B'k, Boston 
Howard Natl Bank, Boston, 
Market Natl Bank, Boston, 
Massachusetts Nl B'k, Boston 
Merchants 1 Natl Bank, Boston 
New England Nl B'k, Boston 
North Natl Bank, Boston, 
Nl B'k of No. America, Boston 
Nl B'k of Redemption, Boston 
Nl B'k of the Republic, Boston 
Natl Revere Bank, Boston, 
Second Natl Bank, Boston, 
Shawmut Natl Bank, Boston, 
Shoe & Leather Nl B : k, Boston 
Suffolk Natl Bank, Boston, 
Tremont Natl Bank, Boston, 
Natl Union Bank, Boston, 
Natl Webster Bank, Boston, 
Natl Market Bank, Brighton 



$1,300 

18,000 

8,100 

1,400 

4,000 

2,000 

5,200 

7,000 

12,500 

9,800 

8,000 

5,000 

12,800 

15,000 

5,000 

10,000 

20,000 

20,000 

5.000 

11,300 

18,000 

15,000 

40,000 

18,000 

8,200 

4,000 

18,200 

10,000 

5,000 

5,000 



$322,800 



00 
00 
00 
00 
50 
75 
50 



$1,735 50 
20,790 00 

8,788 50 

1,666 

5,040 

2,370 

6,656 

6,842 
27,718 

9,285 

9,800 00 

5,725 00 
13,792 00 
13,762 50 

5,306 25 
13,950 00 
29,200 00 
26,200 00 

5,237 50 
14,379 25 
25,200 00 
18,731 25 
60.000 
22,545 

8,282 

4,580 
18,245 
14,475 

5,131 

7,100 



00 
00 
00 
00 
50 
00 
25 
00 



$412,535 25 



$1,300 00 

18,000 00 

8,1' 00 

1,400 00 

4,000 00 

2,000 00 

5,200 00 

7,000 00 

12,500 00 

9,800 00 

8,000 00 

5,000 00 

12,800 00 

15,000 00 

5,000 00 

10,000 00 

20,000 00 

20,000 00 

5,000 00 

11,300 00 

18,000 00 

15,000 00 

40,000 00 

18,000 00 

8,200 00 

4,000 00 

18,200 00 

10,000 00 

5,000 00 

5,000 00 



$322,800 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



253 



Railroad Bonds. 





Estimated 

Par Value. 

Market Value. 


Amount Invested 


Fitchburg R.K 4s, . 


$30,000 


130,000 00 


$30,000 00 



Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 14, 1887. 
Personally appeared W. E. Hooper, Treasurer of the Home Savings Bank, and made 
oath that the foregoing statement, by him subscribed, is a true and correct statement 
of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Chas. H. Allen, Justice of the Peace. 

Suffolk, ss., Nov. 14, 1887. 
Personally appeared James H. Freeland, Henry Frost, John W. Leighton, Thos. F. 
Temple and Henry Mason, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Chas. H. Allen, Justice of the Peace. 



Suffolk, ss., Nov. 19, 1887. 
Personally appeared Chas. H. Allen, being one of the trustees of said corporation, and 
made oath that he had made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by the treas- 
urer ; and that he believes said statement to be true. 

Before me, Wm. H. Thomes, Justice of the Peace. 



254 



BANK COMMISSIONERS' REPORT. 



[Jan. 



HOOSAC SAYINGS BANK — NORTH ADAMS. 

Incorporated May 16, 1871. Number of corporators, 16. 



Oscar A. Archer, President. 



Wm. "W. Butler, Treasurer. 



Wm. W. Butler, Clerk. 

Names of committee charged with the investment of its funds : 
D. J. Barber, A. B. Wright, 

J. M. Chace, Geo. B. Perry, 

Timothy Collins, E. B. Penniman. 

Open for business every business day, 9 a.m. to 12 m., and 1 to 4 p.m., and Saturdays 

until 5 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, not on interest, 
Expense account, 

Furniture, 

Cash on hand, .... 


$19,533 05 

9,920 00 

180,842 86 

50,569 00 

4,170 02 

457 78 

243 90 

254 76 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$259,239 79 
2,727 20 
4,024 38 




$265,991 37 


$265,991 37 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 234 

Aggregate amount of the same, $157,411 86 

Cash on Deposit in Banks, amount in each : — 

Berkshire National Bank, North Adams, $1,102 00 

Adams National Bank, North Adams, 3,025 26 

National Revere Bank, Boston, 42 76 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887 $12,054 52 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 4,228 43 

ending Oct. 31, 1887, J 2 per cent., 1 4,447 87 

Times for the dividends fixed by the by-laws : June 1 and December 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,316 $98,965 32 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 91 53,423 94 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 752 78,670 52 

Number of accounts opened during the year ending Oct. 31, 1887, . 319 
Number of accounts closed during the year ending Oct. 31, 1887, . . 264 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,780 57 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: July 21. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



255 



Total amount of Loans with each specified Rate of Interest. 



Amount. 



Rate. 



$51,000 00 



5 per cent. 



Amount. 



Kate. 



,411 86 



6 per cent. 



Amount. 



Rate. 



Classification of Depositors^ Accounts. 



Whole number, .... 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, . 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$5,586 38 

6,619 93 

15,482 35 

53,108 64 

98,316 39 

80,126 10 

103,695 90 

3,840 21 

1,306 25 

3,091 49 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Cleveland, Ohio, 5s, 
of Cleveland, Ohio, 4s, 
of Columbus, Ohio, 4s, 
of Lynn, Mass., 4s, . 

Town of Pawtueket, R. I., 5s, . 


$6,000 
2,000 
1,000 
2,000 
7,000 


$6,495 55 
2,120 00 
1,052 50 
2,060 00 
7,805 00 


$6,495 55 
2,120 00 
1,052 50 
2,060 00 
7,805 00 




$18,000 


$19,533 05 


$19,533 05 



Schedule B — Detailed Statement of Bank Stocks. 



O u 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


78 
7 


Berkshire W\ B'k, No. Adams, 
Adams Nat 1 ! Bank, No.Adams, 


$7,800 
700 


$8,580 00 
1,015 00 


$9,080 00 
840 00 




$8,500 


$9,595 00 


$9,920 00 



256 BANK C(BDHSSIOXEBS ? REPORT. [Jan. 

Commonwealth of Massachusetts. 

Berkshire, ss., Nov. 10, 1887. 
Personally appeared W. W. Butler, Treasurer of the Hoosac Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference 
to the matters to which they relate, according to his best knowledge and belief. 

Before me, Geo. P. Lawrence, Justice of the Peace. 

Berkshire, ss., Nov. 10, 1887. 
Personally appeared Timothy Collins, J. H. Flagg, D. J. Barber, J. M. Chase. 
and S. Vadner, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Geo. P. Lawrence, Justice of the Peace. 

Berkshire, ss., Nov. 16, 18S7. 
Personally appeared 0. A. Archer, being one of the trustees of said corporation, and 
made oath that he had made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested 
by the treasurer; and that he believes said statement to be true. 

Before me, A. D. Cady, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — Xo. 8, 



257 



HOPKIXTOX SAVINGS BAXK — HOPKIXTOX. 

Incorporated March 23, 1867. Number of corporators, 31. 

Abram A. Sweet, President. Edward D. Bliss, Treasurer. 

Edward D. Bliss, Clerk. 

Names of committee charged with the investment of its funds : — 
Abram A. Sweet, Aloxzo Coburx, 

Sam'l Crooks, John A. WooDBrRT. 

L. B. Maybry, 

Open for business every business day, except Saturday, 9 a.m. io 12 m., 1.30 to 4 p.m. 

Saturday, 9 a.m. to 12 m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Railroad bonds, .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Assessment on Pacific National 
Bank stock, .... 
Insurance account, 
Cash on hand, .... 


823,097 50 

59,893 74 

76,587 00 

522 03 

123,505 00 

21,200 00 

8,061 33 

4,000 00 

32 50 

848 25 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


6301,418 09 
6,784 75 
9,544 51 




$317,747 35 




8317,747 35 



Value (by books) of real estate, held by foreclosure or otherwise, . . 8522 03 

Assessed value of the same, 800 00 

Net income received from same during year ending Oct. 31, 1887, . . 55 37 
Number of outstanding loans which are of an amount not exceeding 

83,000 each, 207 

Aggregate amount of the same, 106,105 00 

Amount of investments from which no income is received, .... 4,000 00 

Cash on Deposit in Bank : — 
Hopkinton National Bank, Hopkinton, SS.061 33 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, S16,0S7 88 

Rate and amount of each semi-annual dividend for the year |2 per cent., f 5,771 00 

ending Oct. 31, 1887, ) 2 per cent., 1 5,793 81 

Times for the dividends fixed by the by-laws : Friday preceding the first 

Saturday in May and November. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1S87, 731 849,S94 S6 

Number and amount of deposits of and exceeding 8300 at any one 

time during the year ending Oct. 31, 18S7, 38 19,240 10 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 603 61,187 70 

Number of accounts opened during the year ending Oct. 31, 1SS7, . 12S 
Number of accounts closed during the year ending Oct. 31, 1887, . S7 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,302 17 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : June 9. 



258 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans with each specified Rate of Interest, including 

Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Eate. 


$8,061 33 
19,600 00 


1\ per cent. 
5 " 


$14,500 00 


5^ per cent. 


$110,605 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $i0 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $o00, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both, adult and minor, 
To the credit of guardians, .... 
In trust, ........ 




$5,330 74 

8,119 37 

18,467 93 

53,876 42 

95,229 19 

120 394 44 

87,006 89 

1,144 00 

17,250 57 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Portland, Me., 6s, 
of Belfast, Me., 6s, . 
of Bangor, Me., 6s, . 
of East Saginaw, Mich., 5s, 
of Dayton, Ohio, 4s, 


$6,000 
3,500 
5,000 
3,000 
5,000 


$7,260 00 
3,710 00 
6,000 00 
3,000 00 
5,000 00 


$6,002 50* 
3,650 00* 
5.240 00* 
3,000 00* 
5,205 00 




$22,500 


$24,970 00 


$23,097 50 



Schedule B — Detailed Statement of Bank Stocks. 



o o 

. »- 
o ^ 

fc OS 




Par Value. 


Estimated 
Market Value. 


Amount Invested 


60 
13 
50 
15 
15 


Shawmut NatT Bank, Boston, 
N'l Hide & Leather B'k, Boston, 
NT B'k of Redemption, Boston, 
Faneuil Hall NT Bank, Boston, 
NT B'k of the Republic, Boston, 


$6,000 
1,300 
5,000 
1,500 
1,500 


$7,500 00 
1,489 00 
6,350 00 
2,085 00 
2,100 00 


* $7,543 74 
1,404 00 
6,990 00 
1,965 00 
1,980 00 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



259 



Schedule B — Concluded. 



O <D 






Estimated 




O C3 




Par Value. 




Amount Invested. 


* s 






Market Value. 




50 


Continental N'l Bank, Boston, 


$5,000 


$5,950 00 


$5,930 00 


38 


Nat'l Revere Bank, Boston, . 


3,800 


4,750 00 


4,607 50 


61 


Atlas Nat'l Bank, Boston, 


6,100 


7,015 00 


7.505 00 


40 


North Natl Bank, Boston, 


4,000 


5,240 00 


5,355 00 


25 


Everett Natl Bank, Boston, . 


2,500 


2,500 00 


2,975 00 


10 


Natl Exchange Bank, Boston, 


1,000 


1,260 00 


1,500 00 


50 


Atlantic Natl Bank, Boston, . 


5,000 


6,675 00 


6,832 50 


5 


Natick Natl Bank, Natick, 


500 


700 00 


500 00 


16 


Howard Natl Bank, Boston, . 


1,600 


1,720 00 


1,856 00 


25 


Franklin Natl Bank, Franklin, 


2,500 


3,000 00 


2,950 00 




$47,300 


$58,334 00 


$59,893 74 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Boston & Maine R.R. 7s, . 


$5,000 


$5,575 00 


$5,125 00 


Old Colony R.R. 7s, . 


6,000 


6,840 00 


6,215 00 


Old Colony R.R. 6s, . 


2,000 


2,230 00 


2,040 00 


Fitchburg R.R. 7s, . 


3,000 


3,390 00 


3,135 00 


Fitchburg R.R. 5s, . 


5,000 


5,200 00 


5,142 00 


Boston, Clinton & Fitchburg R.R. 7s, 


7,000 


7,350 00 


7,230 00 


Boston, Revere Beach & Lynn R.R. 6s, 


10,000 


11,200 00 


11,000 00 


Salem & Lowell R.R. 6s, . 


10,000 


11,300 00 


10,715 00 


Newport & Richford R.R. 5s, . 


10.000 


10,600 00 


10,450 00* 


Nashua & Lowell R.R. 5s, 


10,000 


10,500 00 


10,315 00 


Boston & Lowell R.R. 4s, 


5,000 


5,000 00 


5,220 00 




$73,000 


$79,185 00 


$76,587 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Dec. 5, 1887. 
Personally appeared Edward D. Bliss, Treasurer of the Hopkinton Savings Bank, 
and made oatb that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, John A. Woodbury, Justice of the Peace. 

Middlesex, ss., Dec. 5, 1887. 
Personally appeared A. A. Sweet, John Mahon, A. Coburn, Sam'l Crooks and 
L. B. Maybry, being five or more of the trustees of said corporation, and severally made 
oath that they have made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, John A. Woodbury, Justice of the Peace. 



* This was a legal investment when made. 



260 



BANK COMMISSIONEKS' KEPORT. 



[Jan. 



HUDSON SAVINGS BANK — HUDSON. 

Incorporated 1869. Number of corporators, 42. 

Edmund M. Stowe, President. Daniel W. Stratton, Treasurer. 

Wm. F. Trowbridge, Clerk. 

Names of committee charged with the investment of its funds : 
Edmund M. Stowe, Lunan T. Jefts, 

Benj. Dearborn, Joseph S. Bradley. 

Chas. H. Robinson, 

Open for business every business day, 9 a.m. to 12 m. ; also Saturday from 1 to 5 and 

6 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$57,320 00 


Deposits, . 


$445,068 13 


Bank stock as per Schedule B, . 


13,200 00 


Earnings undivided, 


5,727 31 


Loans on bank stock, . 


1,100 00 


Guaranty fund, 


8,000 00 


Railroad bonds, .... 


36,270 00 






Loans on real estate, . 


301,375 00 






Loans on personal security, 


8,300 00 






Loans to counties, cities or towns 








(notes), 


32,000 00 






Deposit in bank, on interest, 


5,500 00 






Deposit in bank, not on interest, 


2,080 40 






Expense account, 


108 75 






Cash on hand, . 


1,541 29 








$458,795 44 


$458,795 44 



Loans on Bank Stock, amount on each : — 

On 4 shares First National Bank, Clinton, . $400 00 

On 7 shares First National Bank, Clinton, 700 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 254 

Aggregate amount of the same, $215,625 00 

Cash on Deposit in Bank : — 
Hudson National Bank, Hudson, $7,580 40 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $21,227 37 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 7,559 91 
ending Oct. 31, 1887 J 2 per cent., 1 8,040 66 

Times for the dividends fixed by the by-laws : third Wednesday in Janu- 
ary and July. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887 1,460 $114,382 00 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 78 46,802 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



261 



Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 874 

Number of accounts opened during the year ending Oct. 31, 1887, . 335 
Number of accounts closed during the year ending Oct. 31, 1887, . 197 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : April 28. 



1,344 90 



1,172 33 
20,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Rate. 


$5,500 00 

25,000 00 

7,000 00 


2«| per cent. 
4 " 


$170,850 00 

31,100 00 

104,275 00 


5 per cent. 

6 " 


$100 00 

4,000 00 

450 00 


6£ per cent. 
7 

H « 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$9,946 53 

13,366 59 

36,387 71 

104,227 79 

166,455 36 

114,684 15 

189,588 44 

5,668 71 

7,657 64 

48,707 87 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Worcester, Mass., 5s, . 
Town of Northampton, Mass., 6s, 

of Hopkinton, Mass., 4s, 
City of Tannton, Mass., 4s, 

of Fall River, Mass., 5s, . 

of Fall River, Mass., 6s, . 

of Columbus, Ohio, 4s, . 
Town of Clinton, Mass., 4s, 
City of Cleveland, Ohio, 6s, 

of Grand Rapids, Mich., 5s, 



$8,000 
3,000 
5,000 
5,000 
5,000 
2,000 
7,000 

12,000 
5,000 
5,000 



$8,180 00 
3,240 00 
5,000 00 
5,100 00 
5,750 
2,300 
7,000 

12,120 
5,675 
5,500 



00 
00 
00 
00 
00 
00 



$57,000 $59,865 00 



$8,000 00 

2,820 00 

5,000 

5,000 

5,000 

2,000 

7,000 
12,000 00 

5,000 00 

5,500 00 



00 
00 
00 
00 
00 



.7,320 00 



262 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 







Par Value. 


Estimated 
Market Value. 


Amount Invested. 


57 
75 


State Nat'l Bank, Boston, 
Hudson Natl Bank, Hudson, . 


$5,700 
7,500 


$6,612 00 
7,875 00 


$5,700 00 
7,500 00 




$13,200 


$14,487 00 


$13,200 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested, 


Old Colony R.R. 6s, . 

Boston, Revere Beach & Lynn R.R. 6s, 

Boston & Lowell R.R. 5s, 

Fitchburg R.R. 5s, . 

Eastern R.R. 6s, .... 

Boston & Maine R.R. 7s, . 


$6,000 
5,000 
5,000 
9,000 
5,000 
5,500 


$6,735 00 
5,500 00 
5,537 50 
9,225 00 
6,100 00 
6,105 00 


$6,000 00 
5,000 00 
5,000 00 
9,000 00 
5,000 00* 
6,270 00 




$35,500 


$39,202 50 


$36,270 00 



* Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 12, 1887. 
Personally appeared Daniel W. Stratton, Treasurer of the Hudson Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resomxes and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, James T. Joslin, Justice of the Peace. 

Middlesex, ss., Nov. 12, 1887. 
Personally appeared J. L. Harriman, James T. Joslin, W. F. Trowbridge, Benj. 
Dearborn and Rufus H. Brigham, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer ; and that they believe said statement to be true. 

Before me, Fred O. Welsh, Justice of the Peace. 



Middlesex, ss., Nov. 28, 1887. 
Personally appeared Edmund M. Stowe, being President of said corporation, and 
made oath that he has made an examination of the affairs of the bank ; that the books 
arid records of said institution indicate the state of affairs as above attested by the 
treasurer ; and that he believes said statement to be true. 

Before me, Feed O. Welsh, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8 



26Z 



HYDE PARK SAVINGS BANK — HYDE PARK. 

Incorporated March 8, 1871. Number of corporators, 37. 

Rob't Bleakie, President, Henry S. Bunton, Treasurer. 

Henry S. Bunton, Clerk. 

Names of committee charged with the investment of its funds : 
Rob't Bleakie, S. C. Putnam, 

B. F. Radford, David Perkins. 

Wm, J. Stuart, 

Open for business every business day, 4 to 6 p.m. ; also Wednesday and Saturday, 

7 to 9 p.m. 

Statement. 



Assets. 



Bank stock as per Schedule, 
Loan on bank stock, . 
Railroad bonds, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Expense account, 
Cash on hand, 



$3,700 00 

310 00 

25,000 00 

143,752 00 

59,300 00 

1,000 00 

3,219 47 

419 05 

1,482 26 



182 78 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



221,214 05 

11,909 88 

5,058 85 



,182 78 



Loan on Bank Stock : — 
On 5 shares Framingham National Bank, Framingham, .... $310 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 116 

Aggregate amount of the same, $140,862 00 

Cash on Deposit in Bank : — 
Maverick National Bank, Boston, $3,219 47 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $12,770 71 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., ) 3,439 34 

ending Oct. 31, 1887, J 2 percent.,) 3,632 85 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,485 $132,841 33 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 89 55,83123 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,428 119,683 50 

Number of accounts opened during the year ending Oct. 31, 1887, . 399 
Number of accounts closed during the year ending Oct. 31, 1887, . 255 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, $1,255 86 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : July 1. 



264 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors^ Accounts. 



Whole number, .... 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than 
Exceeding $200 and not more than 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$9,956 56 
12,359 29 
22,190 61 
58,643 09 
59,746 43 
58,318 07 
79,531 04 
1,172 82 
3,699 36 
36,026 11 



Detailed Statement of Bank Stocks. 



<M CO 
O 0) 

. <-• 
O OS 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


10 
13 
14 


Wl Bank of Commerce, Boston, 
Freeman's Nat'l Bank, Boston, 
First N'l Bank, Newburyport, 


$1,000 
1,300 
1,400 


$1,200 00 
1,222 00 
1,750 00 


$1,000 00 
1,300 00 
1,400 00 




$3,700 


$4,172 00 


$3,700 00 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Fitchburg R.R. 5s, . 


$7,000 


$7,140 00 


$7,000 00 


Boston & Albany R.R. 6s, 


4,000 


4,500 00 


4,000 00 


Boston, Revere Beach & Lynn R.R. 6s, 


5,000 


5,500 00 


5,000 00 


Old Colony R.R. 6s, . 


5,000 


5,750 00 


5,000 00 


Boston & Maine R.R. 7s, . 


1,000 


1,150 00 


1,000 00 


Boston & Albany R.R. 7s, 


1,000 


1,110 00 


1,000 00 


Boston & Providence R.R. 7s, . 


1,000 


1,100 00 


1,000 00 


Old Colony R.R. 7s, . 


1,000 


1,160 00 


1,000 00 




$25,000 


$27,410 00 


$25,000 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



265 



Commonwealth of Massachusetts. 

Norfolk, ss., Nov. 14, 1887. 
Personally appeared Henry S. Bunton, Treasurer of the Hyde Park Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Edmund Davis, Justice of the Peace. 

Norfolk, ss., Nov. 14, 1887. 
Personally appeared Rob't Bleakie, Wm. J. Stuart, David Perkins, Benj. F. Radford 
and Sidney C. Putnam, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above attested 
by their treasurer ; and that they believe said statement to be true. 

Before me, Edmund Davis, Justice of the Peace. 



266 



BANK COMMISSIONERS' REPORT. 



[Jan. 



INSTITUTION FOR SAVINGS IN NEWBURYPORT AND ITS 
VICINITY — NEWBURYPORT. 

Incorporated 1820. Number of corporators, 77. 



Edward S. Moseley, President. 



Philip K. Hills, Treasurer. 



Lawrence W. Piper, Clerk. 

Names of committee charged with the investment of its funds : 
Edward S. Moseley, L. B. Cushing, 

Charles Lunt, M. E. Hale. 

William H. Swasey, 

Open for business every business day, 9 a.m. to 1 p.m., 2.30 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 


$884,000 00 
931,920 00 


Deposits, . 
Earnings undivided, 


$4,893,275 81 
63,032 43 


Loan on bank stock, . 
Railroad bonds, .... 


6,800 00 
245,000 00 


Guaranty fund, 


195,000 00 


Loan on railroad bond, 


800 00 






Railroad notes, .... 


50,000 00 






Real estate (for banking pur- 








poses), 

Real estate by foreclosure, 
Loans on real estate, . 


10,000 00 

4,530 87 

893,502 00 






Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 
Cash on hand, .... 


1,619,910 00 

363,600 00 

139,701 13 

1,544 24 








$5,151,308 24 


$5,151,308 24 



Loan on Bank Stock : — 

On 88 shares Merchants' National Bank, Newburyport, 
And 53 shares Mechanicks' National Bank, Newburyport, 

Loan on Railroad Bond : — 
On $1,000 Boston & Maine R.R. bond 



$6,800 00 



$800 00 



Invested in real estate (for banking purposes), . . . . . . $10,000 00 

Estimated value of the same, 18,000 00 

Assessed value of the same, 18,000 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 4,530 87 

Assessed value of the same, 4,400 00 

Net income received from same during year ending Oct. 31, 1887, . 12 50 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each 386 

Aggregate amount of the same, 393,172 00 

Amount of investments from which no income is received, .... 31,530 87 



1888.] 



PUBLIC DOCUMENT — No. 8. 



267 



Cash on Deposit in Banks, amount in each : — 

Mechanicks' National Bank, Newburyport, $54,701 13 

First National Bank, Newburyport, 25,000 00 

Powow River National Bank, Amesbury, 40,000 00 

Amesbury National Bank, Amesbury, 20,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 8245,725 26 

Rate and amount of each semi-annual dividend for the year 12 per cent., J 94,389 05 

ending Oct. 31, 1887, J 2 per cent., 1 94,903 65 

Times for the dividends fixed by the by-laws : fourth^Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 5,716 8480,300 60 

Number and amount of deposits of and exceeding 8300 at any one 

time during the year ending Oct. 31, 1887, 295 169,423 21 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 5,587 636,517 65 

Number of accounts opened during the year ending Oct. 31, 1887, 1,079 
Number of accounts closed during the year ending Oct. 31, 1887, . 852 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 7,226 54 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner: November 11. 



lotal amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Kate. 


Amount. 


Eate. 


854,701 13 
106,600 00 
12,000 00 
310,000 00 
170,800 00 


2i per cent. 

H " 

3| 

4 

4| " 


$29,000 00 
827,300 00 
145,000 00 
125,000 00 
412,520 00 


4f per cent. 
4j " 
4| 

5 " 


855,000 00 
301,955 00 
157,000 00 
367,437 00 


5| per cent. 
5| " 
5| " 
6 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 or more, . . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 



$50,272 81 

68,421 00 

182,050 00 

606,705 00 

1,224,179 00 

2,761,648 00 

2,713,993 00 

28,428 00 

187,094 00 

306,139 00 



268 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 4|s, .... 


$95,000 


$103,312 00 


$95,000 00 


United States 4s, 


50,000 


63,375 00 


50,000 00 


City of Charlestown, Mass., 6s, 


35,000 


35,875 00 


35,000 00 


of Holyoke, Mass., 6s, 


25,000 


29,750 00 


25,000 00 


of Lynn, Mass., 6s, . 


75,000 


83,250 00 


75,000 00 


of Lynn, Mass., 3^s, 


25,000 


23,750 00 


25,000 00 


of Springfield, Mass., 7s, 


40,000 


53,200 00 


40,000 00 


of Nashua, N. H., 6s, 


50,000 


53,750 00 


50,000 00 


of Hartford, Ct., 6s, . 


5,000 


5,275 00 


5,000 00 


of Des Moines, Iowa, 4is, 


25,000 


25,000 00 


25,000 00 


of Somerville, Mass., 4s, . 


11,000 


11,110 00 


11,000 00 


of Newburyport, Mass., 6s, 


133,000 


136,880 00 


133,000 00 


of Newburyport, Mass., 4s, 


38,000 


38,380 00 


38,000 00 


of Lewiston, Me., 6s, 


10,000 


12,000 00 


10,000 00 


of Bangor, Me., 7s, . 


25,000 


30,625 00 


25,000 00* 


of Lawrence, Mass., 4s, . 


30,000 


30,300 00 


30,000 00 


of Worcester, Mass., 3|s, 


25,000 


23,750 00 


25,000 00 


of Portland, Me., 6s, 


30,000 


30,300 00 


30,000 00* 


of Portland, Me., 6s, 


20,000 


24,500 00 


20,000 00f 


of Lowell, Mass., 4s, 


20,000 


20,200 00 


20,000 00 


of Waltham, Mass., 4s, . 


19,000 


19,190 00 


19,000 00 


of Concord, 1ST. H., 6s, 


35,000 


37,760 00 


35,000 00 


Town of Beverly, Mass., 4s, . 


14,000 


14,000 00 


14,000 00 


of Melrose, Mass., 7s, . 


8,000 


8,880 00 


8,000 00 


of Marlborough, Mass., 4s, . 


31,000 


31,310 00 


31,000 00 


of Turners 1 Falls, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 




$884,000 


$955,722 00 


$884,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



© p 






Estimated 




o g 




Par Value. 




Amount Invested. 


» fe 






Market Value. 




122 


Atlantic Natl Bank, Boston, . 


$12,200 


$16,287 00 


$12,200 00 


750 


Atlas Nat'l Bank, Boston, 


75,000 


86,250 00 


75,000 00 


47 


Blackstone Natl Bank, Boston, 


4,700 


4,982 00 


4,700 00 


37 


Boston Natl Bank, Boston, 


3,700 


4,403 00 


3,700 00 


200 


Old Boston Nl Bank, Boston, . 


10,000 


11,350 00 


10,000 00 


108 


Natl City Bank, Boston, . 


10,800 


11,691 00 


10,800 00 


300 


Columbian Nat'l Bank, Boston, 


30,000 


38,175 00 


30,000 00 


221 


Nl Bank of Commerce, Boston, 


22,100 


26,962 00 


22,100 00 


250 


Nat'l Bank of the Common- 










wealth, Boston, 


25,000 


34,250 00 


25,000 00 


286 


Nat'l Eagle Bank, Boston, 


28,600 


28,600 00 


28,600 00 


74 Eliot Nat'l Bank, Boston, 


7,400 


9,546 00 


7,400 00 


100 ; Nat'l Exchange Bank, Boston, 


10,000 


12,600 00 


10,000 00 



* These were legal investments when made. 

f This was an illegal investment and the bonds have been sold. 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



269 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Faneuil Hall N'l Bank, Boston 
First Nat'l Bank, Boston, 
Freeman's Nat'l Bank, Boston 
Globe Natl Bank, Boston, 
Hamilton Nat'l Bank, Boston 
N'l Hide & Leather B'k, Boston 
Howard Nat'l Bank, Boston, 
Market Nat'l Bank, Boston, 
Massachusetts N'l B'k, Boston 
Maverick Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston 
New England N'l B'k, Boston 
North Nat'l Bank, Boston, 
N'l B'k of No. America, Boston 
N'l B'k of Redemption, Boston 
Nat'l Revere Bank, Boston, 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Union Bank, Boston, 
Washington N'l Bank, Boston 
Nat'l Webster Bank, Boston, 
Mechanicks' Nat'l Bank, New- 

buryport, 
Merchants' Nat'l Bank, New- 

buryport, 
Ocean N'l B'k, Newburyport 
First N'l Bank, Newburyport 
Gloucester N'l B'k, Gloucester 



$24,000 
10,000 
27,000 
14,200 
25,000 
15,000 
26,700 
50,800 

8,250 
20,000 
17,300 
10,000 
30,200 

6,000 
25,800 
37,500 
48,000 
20,000 
40,000 

6,900 
22,500 
22,500 
50,000 
20,800 
35,300 
20,000 

21,500 

24,520 
5,250 
1,400 
6,000 



$931,920 



$33,420 00 

22,175 00 

25,380 00 

13,082 00 

30,625 00 

17,175 00 

28,769 00 

46,609 00 

8,786 00 

44,500 00 

24.220 00 

14,600 00 

39,562 00 

6,285 00 

32,830 00 

36.875 00 
72,000 00 
25,050 00 
40,400 00 

8,004 00 

25,762 00 

21,206 00 

50,125 00 

30,100 00 

43,772 00 

20,525 00 

26,445 00 

31.876 00 
6,825 00 
1,750 00 
7,980 00 



$24,000 00 

10,000 00 

27,000 00 

14,200 00 

25,000 00 

15,000 00 

26,700 00 

50,800 00 

8,250 00 

20,000 00 

17,300 00 

10,000 00 

30,200 00 

6,000 00 

25,800 00 

37,500 00 

48,000 00 

20,000 00 

40,000 00 

6,900 00 

22,500 00 

22,500 00 

50,000 00 

20,800 00 

35,300 00 

20,000 00 

21,500 00 

24,520 00 

5,250 00 

1,400 00 

6,000 00 



',121,809 00 $931,920 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... 

Old Colony R.R. 4s, . 

Veimont & Massachusetts R.R. 5s, . 

Fitchburg R.R. 4s, . 

Fitchburg R.R. 4|s, . 


$50,000 
15,000 
25,000 
75,000 
80,000 


$61,000 00 
15,000 00 
26,500 00 
73,500 00 
80,000 00 


$50,000 00* 
15,000 00 
25,000 00 
75,000 00 
80,000 00 




$245,000 


$256,000 00 


$245,000 00 



* This was a legal investment when made. 



270 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887. 
Personally appeared Philip K. Hills, Treasurer of the Institution for Savings in New- 
buryport and its vicinity, and made oath that the foregoing statement, by him sub- 
scribed, is a true and correct statement of all the resources and liabilities of said 
institution, and that the answers made by him to the foregoing interrogatories contain 
the whole truth in reference to the matters to which they relate, according to his best 
knowledge and belief. Before me, L. W. Piper, Justice of the Peace. 

Essex, ss., Nov. 16, 1887. 
Personally appeared Edward S. Moseley, M. E. Hale, Lawrence B. Cushing, Edward 
Burrill and Samuel March, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, L. W. Piper, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



271 









INSTITUTION FOR SAVINGS IN ROXBURY AND ITS VICINITY- 
BOSTON. 

Incorporated 1825. Number of corporators, 59. 

Arthur W. Tufts, President. Edward Richards, Treasurer. 

Edward Richards, Clerk. 

Names of committee charged with the investment of its funds : 

Arthur W. Tufts, Danforth C. Hodges, 

Augustus Richardson, John D. Williams. 

Open for business every business day, 9 a.m. to 4 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$81,000 00 


Deposits, . 


$4,017,894 25 


Loans on public funds, 


45,260 00 


Earnings undivided, 


8,949 34 


Bank stock as per Schedule B, . 


205,067 09 


Guaranty fund, 


128,500 00 


Loans on bank stock, . 


700 00 






Railroad bonds, .... 


414,321 73 






Railroad notes, .... 


305,000 00 






Commonwealth of Massachusetts 








(note), 


100,000 00 






Real estate by foreclosure, 


45,404 94 






Loans on real estate, . 


1,292,595 63 






Loans on personal security, 


1,355,555 63 






Loans to counties, cities or towns 








(notes), 


116,000 00 


. 




Deposits in banks, on interest, . 


182,925 03 






Casb on hand, .... 


11,513 54 








$4,155,343 59 


$4,155,343 59 



Loans on Public Funds, amount on each : — 

On $7,000 United States 4£s, $7,000 00 

On $1,500 United States 4£s, 1,460 00 

On $25,000 United States 4£s, 25,000 00 

On $1,000 City ofLowell, Mass., and $1,000 City of Cambridge, Mass., bonds, 1,800 00 

On $10,000 United States 4s, 10,000 00 

Loans on Bank Stock, amount on each : — 

On 2 shares Gloucester National Bank, Gloucester $200 00 

On 5 shares Blue Hill National Bank, Milton *500 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $45,404 94 

Assessed value of the same, 47,400 00 

Net income received from same during year ending Oct. 31, 1887, . . 882 00 



* This bank was notified that this loan exceeded the legal limit, and its correction is arranged 
for. 



272 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 128 

Aggregate amount of the same, $185,610 00 

Cash on Deposit in Banks, amount in each : — 

National Rockland Bank, Boston, $65,466 87 

Hamilton National Bank, Boston, 9,515 74 

North National Bank, Boston, 104,961 76 

National City Bank, Boston, 2,980 66 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $178,884 99 

Rate and amount of each semi-annual dividend for the year j 2 per cent., f 71,821 14 
ending Oct. 31, 1887, J 2 per cent., 1 73,925 80 

Times for the dividends fixed by the by-laws : third Wednesday in April 
and October. 

Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct. 31, 1887, 14,145 $928,700 77 

Number and amount of deposits of and exceeding $300 at any one time 
during the year ending Oct. 31, 1887, 628 369,521 00 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 8,990 856,397 09 

Number of accounts opened during the year ending Oct. 31, 1887, 2,225 

Number of accounts closed during the year ending Oct. 31, 1887, 1,464 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 11,213 42 

Amount of treasurer's bond 20,000 00 

Date of examination by commissioner : May 25. 



Total amount of Loans with each specified Rate oj Interest, including 
Deposits in Banks on Interest. 



Amount. 



829,577 67 

33,230 63 

146,942 42 

100,800 00 



Rate. 



2^ per cent. 

3| 

4 " 

4* 



Amount. 



Rate. 



5,521 73 
134,000 00 
1,266,973 90 



4£ per cent. 
4f " 
5 " 



Amount. 



Rate. 



$425,100 00 
227,260 00 
161,629 94 



5£ per cent. 
6 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 



11,060 
2,930 
1,107 
1,559 
2,248 
1,610 
1,606 
6,024 
47 
84 
1,592 



$58,619 52 

77,520" 17 

212,107 09 

663,017 26 

1,128,634 20 

1,877,996 01 

2,048,117 39 

22,188 73 

34,594 53 

520,887, 67 



1888.] PUBLIC DOCUMENT — No. 8. 273 

Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated' 
Market Value. 


Amount Invested. 


City of Boston, Mass., 6s, 
of Boston, Mass., 4s, 


$51,000 
30,000 


$63,750 00 
31,500 00 


$51,000 00 
30,000 00 




$81,000 


$95,250 00 


|81,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



o o» 

O & 




Par Value. 


Estimated 
Market Value. 


Amount Invested 


20 

60 

257 

52 

25 

55 

15 

50 

150 

200 

173 

210 

510 

21 

8 

9 

37 

32 

30 

5 


First Natl Bank, Danvers, 
Atlas Natl Bank, Boston, 
North Natl Bank, Boston, 
State Natl Bank, Boston, 
Market Natl Bank, Boston, . 
Second Nat 1 ! Bank, Boston, 
N'l B'k of Commerce, Boston, 
Atlantic Natl Bank, Boston, . 
Natl Revere Bank, Boston, 
First National Bank, Boston, . 
Natl Rockland Bank, Boston, 
Peoples' Natl Bank, Boston, . 
Washington Nl Bank, Boston, 
Nl B'k of the Republic, Boston, 
Shoe & Leather N'l B : k,Boston, 
Suffolk Natl Bank, Boston, . 
Natl Eagle Bank, Boston, 
Tremont Natl Bank, Boston, . 
Hamilton Natl Bank, Boston, . 
Howard Natl Bank, Boston, . 


$1,500 

6,000 

25,700 

5,200 

2,500 

5,500 

1,500 

5,000 

15,000 

20,000 

17,300 

21,000 

51,000 

2,100 

800 

900 

3,700 

3,200 

3,000 

500 


$1,500 00 

6,900 00 

33,667 00 

6,032 00 

2,275 00 

8,250 00 

1,830 00 

6,650 00 

18,750 00 

44,200 00 

25,777 00 

34,020 00 

63,240 00 

2,940 00 

808 00 

1,026 00 

3,700 00 

3,200 00 

3,660 00 

535 00 


$1,500 00 

6,000 00 

25,680 47 

5,993 00 

2,500 00 

5,500 00 

2,000 00 

5,000 00 

15,000 00 

20,000 00 

19,430 00 

21,000 00 

58,729 50 

2,698 87 

872 00 

1,070 25 

4,144 00 

3,762 75 

3,580 00 

606 25 




$191,400 


$268,960 00 


$205,067 09 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Old Colony R.R. 7s, . 
Boston & Providence R.R. 
Boston & Albany R.R. 7s, 
Boston & Maine R.R. 7s, . 
Fitchburg R.R. 5s, . 
Fitchburg R.R. 4|s, . 



7s, 



$16,000 

12,000 

17,000 

6,000 

100,000 

257,000 



$17,760 39 

13,614 67 

19,240 42 

6,706 25 

113,000 00 

257,000 00 



$17,760 39 

13,614 67 

19,240 42 

6,706 25 

100,000 00 

257,000 00 



$408,000 



$427,321 73 



$414,321 73 



274 BANK COMMISSIONED REPORT. [Jan. 

Commonwealth of Massachusetts. 
Suffolk, ss. Boston, Nov. 15, 1887. 

Personally appeared Edward Richards, Treasurer of the Institution for Savings in 
Roxbury and its Vicinity, and made oath that the foregoing statement, by him subscribed, 
is a true and correct statement of all the resources and liabilities of said institution, and 
that the answers made by him to the foregoing interrogatories contain the whole truth 
in reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Rob't G. Molineux, Justice of the Peace. 

Suffolk, ss. Boston, Nov. 19, 1887. 

Personally appeared Arthur W. Tufts, Jonathan French, John T. Ellis, John D. Wil- 
liams and P. B. Smith, being five or more of the trustees of said corporation, and sever- 
ally made oath that they have made an examination of the affairs of the bank; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer ; and that they believe said statement to be true. 

Before me, Rob't G. Molineux, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



275 



IPSWICH SAVINGS BANK — IPSWICH. 

Incorporated 1879. Number of corporators, 26. 



Joseph Ross, President. 



Theodore F. Cogswell, Treasurer. 



Theodore F. Cogswell, Clerk. 



Names of committee charged with the investment of its funds : 
Chas. A. Sayward, Joshua B. Grant, 

Thomas H. Lord, William Willcomb. 

Robert Jordan, 

Open for business every business day, 8.30 a.m. to 12.30 p.m. ; and Saturday, 3 to 5 >i» m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$4,030 00 


Deposits, . 


1311,220 m 


Loans on public funds, 


1,300 00 


Earnings undivided, 


3,^35 33 


Bank stock as per Schedule B, . 


58,392 00 


Guaranty fund, 


5,650 00 


Railroad bonds, .... 


10,203 83 






Loans on depositors' books, 


550 00 






Real estate by foreclosure, 


4,515 00 






Loans on real estate, . 


194,033 35 






Loans on personal security, 


15,755 00 






Loans to counties, cities or towns 








(notes), 


9,800 00 






Deposits in banks, on interest, . 


18,700 00 






Deposits in banks, not on in- 








terest, 


1,324 00 






Cash on hand, .... 


1,802 81 








$320,405 99 


$320,405 99 



Loans on Public Funds : — 

On $1,000 City of Newton 6s, $800 00 

On $1,000 City of Chelsea 6s, 500 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $4,515 00 

Assessed value of the same, 4,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 233 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 303 

Aggregate amount of the same 205,888 35 

Amount of investments from which no income is received, .... 5,228 35 

Cash on Deposit in Banks, amount in each : — 

Merchants' National Bank, Salem, . $5,200 00 

First National Bank, Salem, 14,824 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $16,399 25 

Rate and amount of each semi-annual dividend for the year I 2 per cent., J 5,575 00 

ending Oct. 31, 1887, j 2 per cent., 1 5,800 00 

I 



276 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Times for tbe dividends fixed by the by-laws : fourth Wednesday in Janu- 
ary and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct 31, 1887, 1,150 §80,520 10 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 52 28,961 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 785 76,339 86 

Number of accounts opened during the year ending Oct. 31, 1887, . 239 
Number of accounts closed during the year ending Oct. 31, 1887, . 168 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,109 1& 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : August 15. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


i 

Amount. 


Rate. 


Amount. 

1 


Rate. 


$6,700 00 
14,000 00 


1\ per cent. 
4 


$ 4,000 00 
3,800 00 


4| per cent. 
5 " 


I 

$4,000 00 
207,638 35 

1 


5J per cent. 
6 



Classification of Depositors' 1 Accounts. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500,, . 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To tbe credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 



Number. 



1,457 

632 

162 

209 

233 

153 

68 

782 

1 

32 

41 



Amount. 



$9,302 37 

11,183 92 

28,440 25 

74,101 73 

111,601 51 

76,590 88 

157,921 10 

118 24 

8,416 72 

12,101 25 



Schedule A — Detailed Statement of Public Ftinds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Manchester, X. H., 6s, 
of Providence, R. I., 5s, . 
of Bangor, Me., 6s, . 
of Dover, X.H., 6s, . 



$600 

2,000 

1,000 

500 



$4,100 



$690 00 

2,300 00 

1,150 00 

575 00 



t,715 00 



* This investment was legal when made. 



$600 00 
2,000 00 
930 00* 
500 00 



$4,030 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



277 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



E>>timateri 
."Market Value. 



Amount Invested. 



21 


Salem Nat'l Bank, Salem, 


-$2,100 


$2,793 


00 


$2,310 00 


27 


Naumkeag Nat'l Bank, Salem 


2,700 


3,780 


00 


3,645 00 


19 


Mercantile Nat 1 1 Bank, Salem 


1,900 


2,242 


00 


2,090 00 


43 


First Nat'l Bank, Salem, . 


4,800 


5,719 


00 


4.945 00 


63 


Asiatie Nat'l Bank, Salem, 


1,890 


2,457 


00 


2,205 00 


41 


Merchants' Nat'l Bank, Salem 


2,050 


2,788 


oo 


2,665 00" 


13 


Nat'l Exchange Bank, Salem, 


1,300 


1,547 


00 


1,456 00 


36 


Merchants' Nat'l Bank, Boston 


3,600 


5,040 


00 


5,004 00 


25 


N'l B'k of the Republic, Boston 


2 500 


3,500 


00 


3,150 00 


4 


Second Nat'l Bank, Boston, 


400 


600 


00 


580 00 


10 


Atlas Nat'l Bank, Boston, 


1,000 


1,150 


00 


1,175 00 


4 


N'l B'k of Commerce, Boston 


400 


488 


00 


400 00 


24 


Nat'l Union Bank, Boston, . 


2,400 


3,480 


00 


3,360 00 


25 


Globe Nat'l Bank, Boston, 


2,500 


2,300 


00 


2,500 00 


8 


Nat'l Revere Bank, Boston, 


800 


1,000 


00 


800 00 


5 


Gloucester N'l B'k, Gloucester 


500 


675 


00 


665 00 


20 


Howard Nat'l Bank, Boston, 


2,000 


2,160 


00 


2,280 00 


40 


New England N'l B'k, Boston 


4,000 


5,840 


00 


5,800 00 


10 


Continental Nat'l B'k, Boston 


1,000 


1,190 


00 


1,080 00 


30 


N'l B'k of Redemption, Boston 


3,000 


3,810 


00 


3,750 00 


10 


Biackstone Natl Bank, Boston 


1,000 


1,060 


00 


1,000 00 


10 


Hamilton Nat'l Bank, Boston, 


1,000 


1,220 


00 


1,180 00 


10 


Tremont Nat'l Bank, Boston, 


1,000 


1,000 


00 


1,080 00 


18 


Eliot Nat'l Bank, Boston, 


1,800 


2,322 


00 


2,160 00 


20 


Freeman's Nat'l Bank, Boston. 


2,000 


1,880 


00 


2,160 00 


8 


N'l Grand B'k, Marblehead, 


800 


1,080 


00 


952 00 




$47,940 


$61,121 00 


$58,392 00 



Bailroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitchburg R.R. 4|s, . 


$10,000 


$10,000 00 


$10,203 83 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 22, 1887. 
Personally appeared Theodore F. Cogswell, Treasurer of the Ipswich Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Charles A. Sayward, Justice of the Peace. 



278 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Essex, ss., Nov. 26, 1887. 
Personally appeared Robert Jordan, Chas. A. Say ward, D. M. Tyler, William Will- 
comb and Frederic Willcomb, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; that 
the books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Joseph Spiller, Justice of the Peace. 

Essex, ss., Dec. 19, 1887. 
Personally appeared Joseph Ross, President and trustee of said corporation, and 
made oath that he has made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by the 
treasurer; and that he believes the same to be true. 

Before me, Charles A. Sayward, Justice of the Peace. 



1888. J 



PUBLIC DOCUMENT — No. 8. 



279 



LAWRENCE SAVINGS BANK— LAWRENCE. 

Incorporated March 10, 1868. Number of corporators, 81. 

Hezekiah Plummer, President. William R. Spalding, Treasurer. 

William R. Spalding, Clerk. 

Names of committee charged with the investment of its funds : 
Hezekiah Plummer, W. Fisk Gile, 

John S. Needham, 
R. H. Tewksbury, 



Charles Smith. 



Open for business every business day except Saturday, 9 a.m. to 1 p.m., and Saturday, 

9 a.m. to 12 m., 7 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loans on bank stock, . 

Railroad bonds 

Real estate by foreclosure, 

Loans on real estate, . 

Loans on personal security, 

Deposits in banks, on interest, . 

Deposits in banks, not on interest, 

Expense account, 

Cash on hand, .... 


$24,000 00 

79,300 00 

7,800 00 

50,000 00 

3,000 00 

215,837 00 

130,134 52 

22,250 44 

3,000 00 

1,102 72 

1,506 58 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$504,322 55 
22,635 10 
10,973 61 




$537,931 26 


$537,931 26 



Loans on Bank Stock, amount on each : — 

On 10 shares Bay State National Bank, Lawrence, 
On 10 shares National Pemberton Bank, Lawrence, 
On 50 shares National Pemberton Bank, Lawrence, 
On 7 shares Pacific National Bank, Lawrence, 
On 8 shares National Pemberton Bank, Lawrence, 
And 28 shares Old Lowell National Bank, Lowell, 



$700 00 

1,000 00 

3,000 00 

300 00 

2,800 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $3,000 00 

Assessed value of the same, 4,400 00 

Net income received from same during year ending Oct. 31, 1887, . . 223 90 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 210 

Aggregate amount of the same, 211,801 52 

Cash on Deposit in Banks, amount in each : — 

National Pemberton Bank, Lawrence $8,925 16 

National Bank of the Commonwealth, Boston, 16,325 28 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $27,227 96 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., j 8,953 07 

ending Oct. 31, 1887, * J 2 per cent., i 9,456 96 



280 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,150 $142,523 58 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 114 63,195 63 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,074 123,836 19 

Number of accounts opened during the year ending Oct. 31, 1887, . 417 
Number of accounts closed during the year ending Oct. 31, 1887, . 309 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,300 00 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : June 4. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Kate. 


$22,250 44 
25,000 00 
85,200 00 


2£ per cent. 

5 " 


$23,000 00 
195,321 52 


5^ per cent. 
6 " 


$6,800 00 
18,450 00 


6^ per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of$50orle«s, 

Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




$7,402 46 

9,814 63 

28,363 00 

85,759 37 

179,609 87 

193,373 22 

194,841 93 

8,798 62 

4,205 56 

26,157 72 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, ... 

United States 6s, 

City ol" Lawrence, Mass., 6s, . 

of Keene, N. H., 4s, . 

of Worcester, Mass., 6s, . 

of Columbus, Ohio, 6s, 


$2,000 
1,000 
1,000 
6,000 
4,000 

10,000 


$2,537 50 
1,210 00 
1,210 00 
6,000 00 
4,440 00 

11,125 00 


$2,000 00 
1,000 00 
1,000 00 
6,000 00 
4,000 00 

10,000 00 


* 


$24,000 


$26,522 50 


$24,000 00 






1888.] PUBLIC DOCUMENT — No. 8. 

Schedule B — Detailed Statement of Bank Stocks. 



281 



<*-" CO 

C cu 
O cS 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


20 
29 
10 
27 

27 

55 
24 
16 
63 
15 
103 
56 
20 
23 
54 
34 
18 
40 
89 
7 
63 


Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston, 
Natl City Bank, Boston, . 
Nl B'k of Commerce, Boston, 
Natl Bank of the Common- 
wealth, Boston, . 
Central Natl Bank, Boston, . 
Eliot Natl Bank, Boston, 
First Ward Natl Bank, Boston, 
Fourth Natl Bank, Boston, 
Howard Natl Bank, Boston, . 
Nl Hide & Leather B'k, Boston, 
Market Natl Bank, Boston, . 
Merchants' Nl Bank, Boston, 
Nl B'k of No. America, Boston, 
State Natl Bank, Boston, 
Third Natl Bank, Boston, 
Traders' Natl Bank, Boston, . 
Tremont Natl Bank, Boston, . 
Natl Webster Bank, Boston, . 
Lawrence Nl Bank, Lawrence, 
Nl Pemberton B'k, Lawrence, 


$2,000 
2,900 
1.000 
2,700 

2,700 
5,500 
2,400 
1,600 
6,300 
1,500 
10,300 
5,600 
2,000 
2,300 
5,400 
3,400 
1,800 
4,000 
8,900 
700 
6,300 


$2,310 00 
3,146 50 
1,070 00 
3,300 75 

3,699 00 
7,150 00 
3,072 00 
2,080 00 
7,119 00 
1,616 25 
11,793 50 
5,138 00 
2,790 00 
2,409 25 
6,277 50 
3,417 00 
1,696 50 
4,010 00 
9,124 75 
805 00 
8,505 00 


$2,000 00 
2.900 00 
1,000 00 
2,700 00 

2,700 00 
5,500 00 
2,400 00 
1,600 00 
6,300 00 
1,500 00 
10,300 00 
5,600 00 
2,000 00 
2,300 00 
5,400 00 
3,400 00 
1,800 00 
4.000 00 
8,900 00 
700 00 
6,300 00 




$79,300 


$90,530 00 


$79,300 00 



Railroad Bonds. 



Fitchbnrg R.R. 6s, . 
Fitchbnrg R.R. 5s, . 
Boston & Lowell R.R. 4s, 
Old Colony R.R. 4£s, . . 



Par Value. 



$5,000 

20,000 

5,000 

20,000 



$50,000 



Estimated 
Market Value. 



Amount Invested. 



$5,706 00 

21,500 00 

5,000 00 

21,900 00 



$54,106 00 



$5,000 00 

20,000 00 

5,000 00 

20,000 00 



$50,000 00 



Commonwealth of Massachusetts. 
Essex, ss. Lawrence, Nov. 14, 1887. 

Personally appeared William R. Spalding, Treasurer of the Lawrence Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, William W. Spalding, Justice of the Peace. 

Essex, ss. Lawrence, Nov. 14, 1887. 

Personally appeared H. Plummer, J. S. Needham, Wm. R. Spalding, Charles Smith 
W. Fisk Gile and Geo. S. Merrill, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, William W. Spalding, Justice of the Peace. 



282 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LEE SAVINGS BANK — LEE. 

Incorporated March 5, 1852. Number of corporators, 67. 

Prentiss C. Baird, President. John L. Kilbon, Treasurer. 

John L. Kilbon, Clerk. 

Names of committee charged with the investment of its funds : 

P. C. Baird, C. C. Holcombe. 

C. C. Benton, 

Open for business every business day, 9 a.m. to 3 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$116,150 00 


Deposits, . 


$630,635 48 


Loan on public funds, 


300 00 


Earnings undivided, 


21,632 59 


Bank stock as per Schedule B, . 


149,654 00 


Guaranty fund, 


23,228 12 


Loan on bank stock, . 


500 00 


Premium account, . 


2,457 50 


Loans on real estate, . 


275,188 11 






Loans on personal security, 


108,490 00 






Loans to counties, cities or towns 








(notes), 


15,500 00 






Deposit in bank, on interest, 


10,000 00 






Deposits in banks, not on in- 








terest, 


936 37 






Expense account, 


1,035 21 






Loan on depositor's book, . 


200 00 


• 






|677,953 69 


$677,953 69 



Loan on Public Funds : — 
On $300 United States 4s $300 00 

Loan on Bank Stock : — 
On 14 shares Lee National Bank, Lee, $500 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 236 

Aggregate amount of the same, $191,297 23 

Cash on Deposit in Banks, amount in each : — 
Springfield Safe Deposit and Trust Company, Springfield, .... $10,064 43 
Lee National Bank, Lee, 871 94 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $35,11157 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 11,976 73 
ending Oct. 31, 1887, } 2 per cent., 1 12,082 52 

Times for the dividends fixed by the by-laws : May 31 and November 30. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding Inst extra dividend : 5 2-10. 

Date of the last extra dividend : Nov. 30, 1885. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



283 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,394 $112,742 44 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 93 56,716 35 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, . 1,046 132,419 70 

Number of accounts opened during the year ending Oct. 31, 1887, . 317 
Number of accounts closed during the year ending Oct. 31, 1887, . 251 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,507 99 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: October 14. 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$10,000 00 


3| per cent. 


$143,800 00 


5 per cent. 


$253,378 11 


6 per cent. 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, . 

Of $50 or less 

Exceeding $50 and not more than 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$12,197 31 

16,925 63 

37,086 52 

121,425 22 

192,138 29 

250,862 51 

337,448 11 

2,625 29 

2,816 15 

12,600 82 



Schedule A — Detailed Statement of Bublic Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Boston, Mass., 4s, 

of Boston, Mass., 5s, 

of Boston, Mass., 6s, 

of Springfield, Mass., 7s, . 
Commonwealth of Massachusetts 5s 
Hampden County, Mass., 3s, . 
Town of Adams, Mass., 6s, 
City of Hartford, Ct., 4|s, 

of Providence, R. I., 5s, . 
District of Columbia 5s, . 



$9,000 

1,000 

10,000 

10,000 

20,000 

45,000 

500 

2,000 

10,000 

10,000 



$9,000 00 

1,135 00 

13,300 00 

10,950 00 

21,950 00 

40,500 00 

555 00 

2,000 00 

11,245 00 

11,100 00 



$9,000 00 

1,000 00 

10,000 00 

10,000 00 

20,000 00 

43,650 00 

500 00 

2,000 00 

10,000 00 

10,000 00 



$117,500 I $121,735 00 



$116,150 00 



284 



BANK COMMISSIONERS' REPORT. 



fJan. 



Schedule B — Detailed Statement of Bank Stocks. 



O » 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



180 
70 
40 

150 
75 
25 
20 
10 
15 
23 
15 
50 
10 
28 

100 
10 
40 
68 
35 
65 
91 
55 
50 
10 

30 
40 

30 



Lee Natl Bank, Lee, 
Adams Nl Bank, No. Adams, 
First Natl Bank, Adams, 
Pittsfield Natl Bank, Pittsfield 
Housatonic Nl B'k, Stockbr'ge 
First Natl Bank, Amherst, 
First Natl Bank, Springfield, 
Massachusetts Nl B'k, Boston 
State Natl Bank, Boston, 
Continental Nl Bank, Boston 
Everett Natl Bank, Boston, 
Merchandise Nl B'k, Boston, 
Hamilton Natl Bank, Boston 
Atlas Natl Bank, Boston, 
First Natl Bank, Boston, 
Atlantic Natl Bank, Boston, 
Natl Revere Bank, Boston, 
Natl Eagle Bank, Boston, 
Natl Webster Bank, Boston, 
Nl Hide & Leather B'k,Boston 
Nl B'k of No. America, Boston 
Nl B'k of Commerce, Boston 
Nl B'k of Redemption, Boston 
Natl Bank of the Common- 
wealth, Boston, . 
Nl B'k of the Republic, Boston 
Birmingham Nl Bank, Birm- 
ingham, Ct., 
City Nl Bank, Bridgeport, Ct. 



$18,000 
7,000 
4,000 

15.000 
7,500 
2,500 
2,000 
2,500 
1,500 
2,300 
1,500 
5,000 
1,000 
2,800 

10,000 
1,000 
4,000 
6,800 
3,500 
6,500 
9,100 
5,500 
5,000 

1,000 
3,000 

4,000 
3,000 



00 
00 
50 
50 
00 
00 



$25,200 00 
9,800 00 
6,000 00 
24,000 00 
13,125 00 
3,750 00 
3,000 00 
2,650 00 
1,740 
2,737 
1,462 
5.012 
1.225 
3,220 
22,000 00 
1,335 00 
5,000.00 
6,800 00 
3,587 50 
7,442 50 
9.464 00 
6,710 00 
6,350 00 

1,350 00 
4,200 00 

7,000 00 
4,560 00 



$18,850 00 
7,000 00 
4,476 00 

18,848 00 
9,750 00 
3,850 00 
3,320 00 
2,500 00 
1,500 00 
2,300 00 
1,500 00 
5,000 00 
1,000 00 
2,800 00 

10,000 00 
1,000 00 
4,000 00 
6.800 00 
3,500 00 
6,500 00 
9,100 00 
5,500 00 
5,000 00 

1,000 00 
3,000 00 

7,000 00 
4,560 00 



$135,000 $188,721 00 



$149,654 00 



Commonwealth of Massachusetts. 

Berkshire, ss., Nov. 25, 1887. 
Personally appeared J. L. Kilbon, Treasurer of the Lee Savings BanU, and made 
oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Albert B. Clark, Justice of the Peace. 

Berkshire, ss., Nov. 25, 1887. 
Personally appeared P. C. Baird, C. C. Holcombe, David Dresser, Geo. H. Baird and 
Jobn Stallman, being five or more of tbe trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer; and that they believe said statement to be true. 

Before me, Albert B Clakk, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



285 



LEICESTER SAVINGS BANK — LEICESTER. 

Incorporated 1869. Number of corporators, 31. 

Lory S. Watson, President. Geo. H. Sprague, Treasurer. 

Parkman T. Denny, Clerk. 

Names of committee charged with the investment of its funds : 
Lory S. Watson, Theo. E. Woodcock, 

Chas. A. Denny, D. E. Merriam, 

Dexter Knight, Chas. H. Woodcock, 

John H. Murdock, 

Open for business every business day, except Saturday, 9 a.m. to 1 p.m., 2 to 4 p.m. 

Saturday, 9 a.m. to 1 p.m. 

Statement. 



Assets. 



Fublic funds as per Schedule A, 
Loan on public funds, 
Bank stock as per Schedule B, 
Loan on bank stock, . 
Railroad bonds, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Expense account, 



$149,000 00 

1,800 00 

47,812 12 

1,000 00 

22,000 00 

131,790 00 

23,000 00 

2,500 00 

6,321 72 

274 70 



$385,498 54 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$363,554 19 
11,708 92 
10,235 43 



$385,498 54 



Loan on Public Funds : — 
On $2,000 United States 4s, $1,800 00 

Loan on Bank Stock : — 
On 11 shares Leicester National Bank, Leicester, $1,000 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 105 

Aggregate amount of the same, . . . $99,990 00 

Cash on Deposit in Bank : — 
Leicester National Bank, Leicester, . . . . . . . . $6,321 72 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $18,46817 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., ( 6,846 27 
ending Oct. 31, 1887, j 2 per cent., 1 6,897 13 

Times for the dividends fixed by the by-laws : June and December. 



286 



BAXK COMMISSIONERS' REPORT. 



[Jan, 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 502 §33,674 43 

Number and amount of deposits of and exceeding §300 at any one 

time during the year ending Oct. 31, 1887, 37 17,33-5 44 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 437 42,789 97 

Number of accounts opened during the year ending Oct. 31, 1887, . 96 
Number of accounts closed during the year ending Oct. 31, 18S7, . 65 
Amount of expenses of the corporation during the year ending Oct. 31, 1SS7, 1,300 20 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: July 26. 

Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amonut. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


86.321 72 
5,500 00 


3 per cent. 
4 


§500 00 
102,450 00 


4i per cent. 
5" " 


$1,800 00 
49,840 00 


5.4 per cent. 
6~ 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of 850 or less 

Exceeding 850 and not more than 8100, 
Exceeding 8100 and not more than 8200, 
Exceeding 8-00 and not more than §500, 
Exceeding 8500 and less than 81,000, . 

Of $l,00(for more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




84,023 62 

4,543 96 

13,973 85 

52.810 42 

96,012 06 

192,lb9 78 

153,257 12 

6,039 04 

2,779 59 

20,367 87 



Schedule A — Detailed Statement of Public Funds. 




1888.] 



PUBLIC DOCUMENT — No. 8. 



287 



Schedule A — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Indianapolis, Ind., 8s, . 


$5,000 


$5,875 00 


$5,000 00 


of Dayton, Ohio, 4s, 


5.000 


5,000 00 


5,000 00 


Town of Clinton, Mass., 4s, . 


10,000 


10,050 00 


10,000 00 


of Beverly, Mass., 4s, . 


10,000 


10,100 00 


10,000 00 


of Holbrook, Mass., 4s, 


10,000 


10,100 00 


10,000 00 


of Randolph, Mass., 4s, 


24,000 


24,240 00 


24,000 00 




$149,000 


$153,730 00 


$149,000 00 


Schedule B — Detailed / 


Statement of Bank Stocks. 




O o> 






Estimated 




o 3 




Par Value. 




Amount Invested. 


h to 






Market Value. 




25 


Howard Natl Bank, Boston, . 


$2,500 


$2,693 75 


$2,635 00 


50 


State Natl Bank, Boston, 


5,000 


5,800 00 


5,397 50 


21 


Traders' Natl Bank, Boston, . 


2,100 


1,974 00 


2,628 50 


30 


Eliot Natl Bank, Boston, 


3,000 


3,870 00 


3,610 00 


10 


Continental Natl Bank, Boston, 


1,000 


1,190 00 


1,150 00 


10 


Maverick Natl Bank, Boston, . 


1,000 


2,200 00 


1,178 75 


20 


North Natl Bank, Boston, 


2,000 


2,620 00 


2,425 00 


15 


Market Natl Bank, Boston, 


1,500 


1,372 50 


1,815 40 


30 


Natl Webster Bank, Boston, . 


3,000 


3,075 00 


3,162 50 


12 


Nl B'k of No. America, Boston, 


1,200 


1,257 00 


1,346 00 


50 


Nl Hide & Leather B'k, Boston, 


5,000 


5,725 00 


5,951 40 


10 


Natl Bank of the Common- 










wealth, Boston, . 


1,000 


1,350 00 


1,100 00 


15 


Natl Revere Bank, Boston, 


1,500 


1,875 00 


1,925 00 


25 


Central Nl Bank, Worcester, . 


2,500 


3,575 50 


3,525 00 


11 


Millbury Natl Bank, Millbury, 


1,100 


1,375 00 


1,314 50 


74 


Leicester Nl Bank, Leicester, . 


7,400 


8,436 00 


8,644 57 




$40,800 


$48,388 25 


$47,812 12 


Railroad Bonds. 






' Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... 


$3,000 


$3,660 00 


$3,000 00* 


Vermont & Massachusetts R.R. 5s, . 


10,000 


11,000 00 


10,000 00 


Boston & Lowell R.R. 4s, 


2,000 


2,000 00 


2,000 00 


Fitehburg R.R. 4s, . 


4,000 


3,920 00 


4,000 00 


Fitehburg R.R. 4^s, .... 


3,000 


3,000 00 


3,000 00 






$22,000 


$23,580 00 


$22,000 00 



This was a legal investment when made. 



288 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Worcester, ss., Nov. 14, 1887. 
Personally appeared Geo. H. Sprague, Treasurer of the Leicester Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, David E. Merriam, Justice of the Peace. 

"Worcester, ss., Nov. 15, 1887. 
Personalty appeared Charles A. Denny, Dexter Knight, L. S. Watson, J. N. Mur- 
dock and L. D. Thurston, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, David E. Merriam, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



289 



LEOMINSTER SAVINGS BANK — LEOMINSTER. 

Incorporated 1865. Number of corporators, 35. 

Dwight B. Look, President. A. L. Burditt, Treasurer. 

A. L. Burditt, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. Hall, A. L. Burditt, 

Hamilton Mayo, Chas. C. Bovden. 

Joel Smith, 

Open for business every business day, 9 a.m. to 12 m., and 1 to 3 p.m. 

Statement. 



Assets. 


Liabilities. 


Loans on public funds, 


$4,000 00 


Deposits, . 


$642,016 08 


Bank stock as per Schedule, 


69,850 00 


Earnings undivided, 


4,582 26 


Loans on bank stock, 


2,335 00 


Guaranty fund, 


22,500 00 


Loan on railroad bonds, 


800 00 






Real estate (for banking pur- 








poses), 


20,000 00 






Loans on real estate, . 


375,245 00 






Loans on personal security, 


151,389 44 






Loans to counties, cities or towns 








(notes), 


21,000 00 






Deposit in bank, on interest, 


10,000 00 






Deposit in bank, not on interest, 


13,249 82 






Tax account, .... 


233112 






Cash on hand, .... 


995 96 








$669,098 34 


$669,098 34 



Loans on Public Funds, amount on each : — 

On $1,000 United States 4s, $1,000 00 

On $3,000 Town of Clinton, Mass., bonds, . . . . . . . 3,000 00 

Loans on Bank Stock, amount on each : — 

On 9 shares First National Bank, Leominster, $135 00 

On 35 shares Leominster National Bank, Leominster, 2,200|00 

Loan on Railroad Bonds : — 

On $1,000 Boston & Albany R.R. bonds, $800 00 

Invested in real estate (for banking purposes), $20,000 00 

Estimated value of the same, 20,000 00 

Assessed value of the same, 15,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,206 35 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 392 

Aggregate amount of the same, 307,014 38 



290 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Leominster National Bank, Leominster, $13,249 82 

Safety Fund National Bank, Fitchburg, 10,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $32,617 71 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 12,142 28 

ending Oct. 31, 1887, } 2 per cent., i 12,084 98 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887, 1,576 $111,604 05 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887 80 46,010 74 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,135 119,611 43 

Number of accounts opened during the year ending Oct. 31, 1887, . 439 
Number of accounts closed during the year ending Oct. 31, 1887, . 257 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,664 05 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner : August 5. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


1 

Amount. 


Rate. 


Amount. Rate. 


$15,500 00 
183,025 00 


4 per cent. 
5 


i 

$64,625 00 


5£ per cent. 


$301,619 44 6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




$13,096 06 

16,433 34 

41,306 16 

110,657 23 

180,757 42 

279.765 87 

345,672 46 

8,118 32 

23,598 16 

49,017 27 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Detailed Statement of Bank Stocks. 



291 



Vj 03 

O <v 






Estimated 




. s~ 




Par Value. 




Amount Invested. 


£ 1 






Market Value. 




80 


Safety Fund Nl B'k, Fitchburg, 


$8,000 


$8,800 00 


$8,000 00 


75 


Natl Webster Bank, Boston, . 


7,500 


7,725 00 


7,500 00 


62 


Boston Natl Bank, Boston, 


6,200 


7,378 00 


6,200 00 


21 


Traders' Natl Bank, Boston, . 


2,100 


1,974 00 


2,100 00 


61 


Globe Natl Bank, Boston, 


6,100 


5,612 00 


6,100 00 


27 


Central Natl Bank, Boston, . 


2,700 


3,510 00 


2,700 00 


10 


Market Natl Bank, Boston, . 


1,000 


920 00 


1,000 00 


5 


Blackstone Natl Bank, Boston, 


500 


530 00 


500 00 


25 


Eliot Natl Bank, Boston, 


2,500 


3,225 00 


2,500 00 


34 


Everett Natl Bank, Boston, . 


3,400 


3,298 00 


3,400 00 


20 


Continental Nl Bank, Boston, 


2,000 


2,380 00 


2,000 00 


15 


Boylston Natl Bank, Boston, . 


1,500 


1,950 00 


1,500 00 


17 


Natl Eagle Bank, Boston, 


1,700 


1,700 00 


1,700 00 


2 


Merchandise Nl B'k, Boston, . 


200 


200 00 


200 00 


2 


Shoe & Leather Nl B'k, Boston, 


200 


200 00 


200 00 


9 


Nl Bank of Commerce, Boston, 


900 


1,098 00 


900 00 


30 


Nl B'k of No. America, Boston, 


3,000 


3,150 00 


3,000 00 


10 


Natl Bank of the Common- 










wealth, Boston, . 


1,000 


1,370 00 


1,000 00 


160 


Leominster Nl Bank, Leomin- 










ster, , 


16,000 


16,480 00 


16,000 00 


335 


First Natl Bank, Leominster, 


3,350 


1,675 00 


3,350 00* 




$69,850 


$73,175 00 


$69,850 00 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 14, 1887. 
Personally appeared A. L. Burditt, Treasurer of the Leominster Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, F. J. Lothrop, Justice of the Peace. 

Worcester, ss., Nov. 14, 1887. 
Personally appeared Geo. Hall, Joel Smith, Chas. C. Boyden, Chas. L. Joslin and 
F. A. Whitney, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer; and that they believe said statement to be true. 

Before me, F. J. Lothrop, Justice of the Peace. 

Worcester, ss., Dec. 8, 1887. 
• Personally appeared D wight B. Look, and made oath that the above return by him 
subscribed is true, according to his best knowledge and belief. 

Before me, F. J. Lothrop, Justice of the Peace. 



* This bank is in liquidation and has paid 90 per cent, to stockholders. 



292 



BANK COMMISSIONED' REPORT. 



[Jan. 



LEXINGTON SAVINGS BANK — LEXINGTON. 

Incorporated March 11, 1871. Number of corporators, 13. 

Geo. W. Robinson, President. Bradley C. Whitcher, Treasurer. 

A. E. Scott, Clerk. 

Names of committee charged with the investment of its funds : 
B. T. Batcheller, Chas. T. West, 

Walter Wellington, Chas. Putnam. 

Leonard A. Saville, 

Open for business Wednesday, 2.30 to 5.30 p.m., and Saturday, 2.30 to 7 p.m. 

Statement. 



Assets. 


Liabilities. 


Loan on public funds, 
Bank stock as per Schedule, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, . 

Furniture, 

Cash on hand, .... 


$1,500 00 

4,317 75 

86,714 15 

45,275 00 

9,363 46 

85 00 

398 94 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Profit and loss acc't, 


$141,568 70 

955 83 

1,994 87 

3,134 90 




$147,654 30 


$147,654 30 



Loan on Public Funds : — 
On $3,000 City of Fall River, Mass., bonds, $1,500 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 56 

Aggregate amount of the same, $70,576 65 

Cash on Deposit in Banks, amount in each : — 

Merchandise National Bank, Boston, $5,936 19 

Fourth National Bank, Boston, 3,427 27 

Whole amount of interest or profits received or earned during year ending 

Oct, 31, 1887, $7,123 18 

Rate and amount of each semi-annual dividend for the year 7 2£ per cent., f 2,806 85 

ending Oct. 31, 1887, J 2£ per cent., 1 3,076 76 

Times for the dividends fixed by the by-laws : third Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 591 $52,543 29 

Number and amount of deposits of and exceeding $300 at any one time 

during the year ending Oct. 31, 1887, 43 24,760 85 

Number and amount of withdrawals (including dividends) during r the 

year ending Oct. 31, 1887, 400 39,088 74 

Number of accounts opened during the 3 r ear ending Oct. 31, 1887, . 101 
Number of accounts closed during the year ending Oct. 31, 1887, . 42 
Amount of expenses ot the corporation during the year ending Oct. 31, 1887, 432J29 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner: June 15. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



293 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



. Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$9,633 46 
6,000 00 


3 per cent. 
5 " 


$124,989 15 


6 per cent. 


$2,500 00 


7 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, . 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$3,760 49 

5,158 06 

9,863 45 

29,736 34 

35,919 87 

57,130 49 

60,258 64 

3,168 09 

1,364 28 

23,130 63 



Detailed Statement of Bank Stocks. 



O o 
O c* 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


18 
12 
15 


Merchandise Wl B'k, Boston, . 
Market Natl Bank, Boston, . 
Globe Nat'l Bank, Boston, 


$1,800 
1,200 
1,500 


$1,804 50 
1,083 00 
1,381 87 


$1,764 00 
1,080 00 
1,473 75 




$4,500 


$4,269 37 


$4,317 75 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 19, 1887. 
Personally appeared Bradley C. Whitcher, Treasurer of the Lexington Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Leonard A. Saville, Justice of the Peace. 

Middlesex, ss., Nov. 21, 1887. 
Personally appeared Geo. W. Robinson, B. T. Batcheller, Chas. T. West, Lyman 
Lawrence and Geo. E. Muzzey, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, Leonard A. Saville, Justice of the Peace. 



294 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LOWELL FIVE CENTS SAVINGS BANK — LOWELL. 

Incorporated 1854. Number of corporators, 112. 



Sewall G. Mack, President. 



Artemas S. Tyler, Treasurer. 



Chas. F. Coburn, Clerk. 

Names of committee charged with the investment of its funds : 
John F. Kimball, Chas. I. A. Bartlett, 

Oliver E. Cushing, Geo. S. Cheney, 

John H. McAlvin, A. S. Tyler. 

Open for business every business day, 9 a.m. to 1 p.m., and Saturday evening, 7 to 9 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, 
Loans on bank stock, . 
Real estate (for banking pur 

poses), .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposits in banks, on interest, 
Expense account, 
Loans on depositors' books, 
Cash on hand, 



$32,975 00 

175,420 00 

19,900 00 

65,000 00 
126,280 00 
683,140 22 
250,700 00 

25,000 00 
28,501 13 

2,492 14 
675 00 

1,147 95 



1,411,231 44 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 
Rents, 



1,273,938 41 

95,334 14 

40,354 59 

1,604 30 



1,411,231 44 



Loans on Bank Stock, amount on each : — 

On 67 shares Crocker National Bank, Turner's Falls, 

On 34 shares Rollstone National Bank, Fitchburg, 

On 19 shares Prescott National Bank, Lowell, 

On 20 shares Prescott National Bank, Lowell, 

On 5 shares Howard National Bank, Boston, 

On 1 share National Hide & Leather Bank, Boston, 

On 14 shares Appleton National Bank, Lowell, 

On 63 shares Prescott National Bank, Lowell, 

On 1 share Old Lowell National Bank, Lowell, 

On 1 share First National Bank, Lowell, 

On 4 shares Crocker National Bank, Turner's Falls, 

Invested in real estate (for banking purposes), 
Estimated value of the same, .... 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 
Value (by books) of other real estate, held by foreclosure or otherwise, 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 



}• 



$8,000 00 

1,900 00 
2,000 00 

500 00 



7,000 00 



500 00 



$65,000 00 

65,000 00 

54,750 00 

1,988 71 

126,280 00 

83,350 00 

2,306 69 



1888.] 



PUBLIC DOCUMENT — No. 8 



295 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 95 

Aggregate amount of the same, $139,575 00 

Amount of investments from which no income is received, .... 14,780 00 

Cash on Deposit in Banks, amount in each : — 

Prescott National Bank, Lowell $15,651 02 

Appleton National Bank, Lowell, 10,172 63 

National Bank of the Commonwealth, Boston, . . . . . . 2,677 48 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $67,676 30 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 24,328 99 

ending Oct. 31, 1887, J 2 per cent., I 24,739 06 

Times for the dividends fixed by the by-laws : first Saturday in January 

and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 5,383 $176,838 21 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 127 73,110 15 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,469 203,134 97 

Number of accounts opened during the year ending Oct. 31, 1887, 1,031 
Number of accounts closed during the year ending Oct. 31, 1887, . 829 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 7,149 23 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner : September 16. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$2,677 48 

5,651 02 

20,172 63 

60,400 00 


2£ per cent. 

3 

4 " 

4£ " 


$194,650 00 

504,675 00 

54,400 00 

130,740 22 


4| per cent. 

5 " 
5£ " 

6 " 


$30,000 00 
1,550 00 
3,000 00 


6£ per cent. 

7 

7k " 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than '$2i 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 or more, . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 




$41,685 08 

37,924 02 

74,325 10 

214,929 38 

367,954 01 

537,120 82 

552,047 82 

8,205 31 

6,229 15 

188,244 32 



296 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Lowell, Mass., 6s; 



$35,000 



136,662 50 



$32,975 00 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



44 
50 
40 
52 
50 
40 
10 

70 
30 
50 
20 
17 

5 
50 
60 
50 
15 
20 
20 
10 

5 
90 
100 
10 
27 
25 

5 
40 
20 
92 
71 
40 
20 
85 
35 
83 
135 
75 



Atlas Natl Bank, Boston, 
Blackstone N'l Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Nat'l Bank, Boston, 
Nat'l City Bank, Boston, . 
N'l Bank of Commerce, Boston 
Nat'l Bank of the Common- 
wealth, Boston, . 
Continental N'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Everett Nat'l Bank, Boston, 
Nat'l Exchange Bank, Boston 
Faneuil Hall Nat'l B'k, Boston 
Freeman's Natl Bank, Boston 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston 
N'l Hide & Leather B'k, Boston 
Howard Nat'l Bank, Boston, 
Lincoln Nat'l Bank, Boston, 
Merchants' Nat'l Bank, Boston 
North Nat'l Bank, Boston, 
N'l B'k of No. America, Boston 
N'l B'k of Redemption, Boston 
N'l B'k of the Republic, Boston 
Nat'l Revere Bank, Boston, 
Second Nat'l Bank, Boston, 
Shawm ut Nat'l Bank, Boston, 
Shoe & Leather N'l B'k, Boston 
State Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, 
Nat'l Union Bank, Boston, 
Washington N'l Bank, Boston 
First Nat'l Bank, Lowell, 
Merchants' N'l Bank, Lowell, 
Old Lowell Nat'l Bank, Lowell 
Prescott Nat'l Bank, Lowell, 
Railroad Nat'l Bank, Lowell, 



$4,400 
5,000 
4,000 
5,200 
5,000 
4,000 

1,000 
7,000 
3,000 
5,000 
2,000 
1,700 

500 
5,000 
6,000 
5,000 
1,500 
2,000 
2,000 
1,000 

500 
9,000 
10,000 
1,000 
2,700 
2,500 

500 
4,000 
2,000 
9,200 
7,100 
4,000 
2,000 
8,500 
3,500 
8,300 
13,500 
7,500 



$166,100 



$5,082 00 
5,425 00 
4,760 00 
6,786 00 
5,350 00 
4,890 00 

1,370 00 
8,295 00 
3,000 00 
6,400 00 
1,955 00 
2,154 
696 
4,737 
5,475 



75 
25 
50 
00 



6,125 00 



50 
00 
00 
00 
00 
50 



1,717 

2,155 

2,205 

1,395 
655 

9,427 
12,725 00 

1,400 00 

3,371 63 

3,750 00 
626 25 

4,040 00 

2,325 00 
10,534 00 

7,117 75 

5,790 

2,480 
13,175 

4,375 
10,458 00 
20,925 00 

9,750 00 



00 
00 
00 
00 



$202,899 13 



$4,400 00 
5,000 00 
4,000 00 
5,200 00 
5,000 00 
4,000 00 

1,000 00 
7,000 00 
3,000 00 
5,000 00 
2,000 00 
1,700 00 
500 00 
5,000 00 
6,000 00 
5,000 00 
1,500 00 
2,000 00 
2,000 00 
1,000 00 
500 00 
9,000 00 

10,000 00 
1,000 00 
2,700 00 
2,500 00 
500 00 
4,000 00 
2,000 00 
9,200 00 
7,100 00 
4,000 00 
2,000 00 

11,305 00 
3,500 00 

10,375 00 

16,740 00 
8,700 00 



$175,420 00 



1888.] PUBLIC DOCUMENT — No. 8. 297 

Commonwealth of Massachusetts. 

Middlesex, ss., Dec. 2, 1887. 
Personally appeared Artemas S. Tyler, Treasurer of the Lowell Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Chas. F. Coburn, Justice of the Peace. 

Middlesex, ss., Dec. 2, 1887. 
Personally appeared Sewall G. Mack, Wm. F. Salmon, Geo. S. Cheney, John F. 
Kimball, Chas. Coburn and John H. McAlvin, being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the 
affairs of the bank; that the books and records of said institution indicate the state 
of affairs as above attested by their treasurer ; and that they believe said statement to be 
true. Before me, Chas. F. Coburn, Justice of the Peace. 



298 



BANK COMMISSIOJNTEKS' REPORT. 



[Jan. 



LOWELL INSTITUTION FOE SAVINGS — LOWELL. 

Incorporated 1829. Number of corporators, 55. 

Charles A. Savory, President. George J. Carney, Treasurer. 

George J. Carney, Clerk. 

Names of committee charged with the investment of its funds : 
Amos B. French, Frederick Taylor, 

Samuel Kidder, George J. Carney. 

James W. B. Shaw, 

Open for business every business day, 9 a.m. to 2 p.m. ; Saturday, 7 to 9 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Loans on public funds, 
'Bank stock as per Schedule B, 
Loans on bank stock, . 
Real estate (for banking pur 

poses), .... 
Loans on real estate, . 
Loans on personal secm-ity, 
Loans to counties, cities or towns 

(notes), .... 
Deposits in banks, on interest, 



$65,000 00 

600 00 

170,500 00 

43,000 00 

20,334 06 

1,143,717 00 

727,500 00 

1,458,200 00 
348,665 09 



1,977,516 15 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



53,775,382 86 

34,047 13 

168,086 16 



5,977,516 15 



Loans on Public Funds, amount on each : — 

On $500 City of Bath, Me., bond, * $200 00 

On $1,500 United States 4s 400 00 

Loans on Bank Stock, amount on each : — 

On 453 shares Merchants' National Bank, Lowell, $40,000 00 

On 33 shares Appleton National Bank, Lowell, 3,000 00 

Invested in real estate (for banking purposes), $20,334 06 

Estimated value of the same, 20,334 06 

Assessed value of the same, 37,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,506 85 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 66 

Aggregate amount of the same, 117,467 00 

Cash on Deposit in Banks, amount in each : — 

Merchants' National Bank, Lowell, $88,665 09 

Appleton National Bank, Lowell, 125,000 00 

Prescott National Bank, Lowell, 60,000 00 

Wamesit National Bank, Lowell, 75,000 00 

* This illegal loan has been paid. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



299 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $180,303 48 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 69,519 06 

ending Oct. 31, 1887, . . J 2 per cent., 1 71,008 87 

Times for the dividends fixed by the by-laws : first Saturday in May and 

and November. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend : 5.017. 
Date of the last extra dividend : November, 1882. 
Number and amount of deposits (not including dividends) received 

• during the year ending Oct. 31, 1887, 12,412 $652,652 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 421 181,063 35 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, . . 9,355 642,489 35 

Number of accounts opened during the year ending Oct. 31, 1887, 2,057 
Number of accounts closed during the year ending Oct. 31, 1887, 1,548 

Amount of expenses of the corporation during the year ending Oct. 31 , 1887, 8,400 00 

Amount of treasurer's bond, . 25,000 00 

Date of examination by commissioner : August 26. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 




Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



District of Columbia 5s, . 



$65,000 



$65,000 00 



$65,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O at 

O °3 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


142 
174 
344 
161 
473 
160 
171 
80 


Columbian Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, 
Merchants' Nat'l Bank, Boston, 
New England N'l B'k, Boston, 
Second Nat'l Bank, Boston, 
First Nat'l Bank, Lowell, 
Railroad Nat'l Bank, Lowell, . 
Merchants' N'l Bank, Lowell, . 


$14,200 
17,400 
34,400 
16,100 
47,300 
16,000 
17,100 
8,000 


$18,602 00 
18,444 00 
48,848 00 
23,023 00 
72,842 00 
25,600 00 
22,230 00 
12,000 00 


$14,200 00 
17,400 00 
34,400 00 
16,100 00 
47,300 00 
16,000 00 
17,100 00 
8,000 00 




$170,500 


$241,589 00 


$170,500 00 



300 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Commonwealth of Massachusetts. 
Middlesex, ss. Lowell, Nov. 4, 1887. 

Personally appeared George J. Carney, Treasurer- of the Lowell Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Austin K. Chad wick, Justice of the Peace. 

Middlesex, ss. Lowell, Nov. 4, 1887. 

Personally appeared Charles A. Savory, F. Nickerson, Fred'k Bailey, Samuel Kidder, 
Cyrus M. Fisk and J. Orne Green, being five or more of the trustees of said corporation 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Geo. J. Carney, Justice of the Peace. 

Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than §500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$50,054 65 

81,600 40 

214,999 55 

720,652 76 

1,436,877 26 

1,271,198 24 

1,959,983 18 

16,015 43 

16,939 54 

554,579 55 






1888.] 



PUBLIC DOCUMENT — No. 8. 



301 



LYNN FIVE CENTS SAVINGS BANK — LYNN. 

Incorporated 1854. Number of corporators, 78. 

Henry A. Pevear, President. Henry E. Newhall, Treasurer. 

Henry E. Newhall, Clerk. 

Names of committee charged with the investment of its funds : 
Henry A. Pevear, Rufus Kimball, 

Thomas B. Newhall, Aza A. Breed. 

Chas. H. Newhall, 

Open for business every business day, 9 a.m. to 1 p.m. ; Saturday, 3 to 6 p.m. 



Statement. 



Assets. 



Public funds as per Schedule A, 

Loans on public funds, 

Bank stock as per Schedule B, 

Loans on bank stock, . 

Railroad bonds, . 

Loans on railroad bonds, . 

Loans on railroad stocks, . 

Real estate (for banking pur- 
poses), .... 

Real estate by foreclosure, 

Loans on real estate, . 

Loans on personal security, 

Loans to counties, cities or towns 
(notes), .... 

Deposits in banks, on interest, 

Deposit in bank, not on in 
terest, .... 

Expense account, 

Tax titles, .... 

Cash on hand, 



$33,951 89 
304,000 00 
237,665 09 
62,600 00 
88,783 15 
44,000 00 
26,500 00 

30,000 00 

7,831 93 

1,157,730 45 

337,905 35 

56,500 00 
33,308 18 

6,045 00 

1,900 81 

700 11 

5,150 49 



2,434,572 45 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



2,258,991 39 

110,581 06 

65,000 00 



2,434,572 45 



Loans on Public Funds, amount on each : — 

On $5,000 Town of Holbrook 4s, ] 

On $5,000 Town of Brookline ^s, I 

On $5,000 Sullivan County, N.H. (note), j- $45,000 00 

On $10,000 Town of Pawtucket, R. L, 5s, I 

On $20,000 City of Brockton 3£s, j 

On $20,000 Town of Turner's Falls 4£s, 20,000 00 

On $100,000 United States 6s, 100,000 00 

On $53,000 District of Columbia ^-s, 50,000 00 

On $34,500 City of Boston 5s, 

On $1,000 City of Charlestown 6s, 

On $3,500 City of Providence, R. I., 5s, 

On $1,000 United States 4s, j. 50,000 00 

On $8,000 City of Cleveland, Ohio, 7s, 

On $3,000 City of Cleveland, Ohio, 6s, 

On $1,000 State of Maine 6s, 



302 



BANK COMMISSIONERS' REPORT. 



[Jan. 



On $12,000 Town of Chatham 4£s, ) 

On $13,000 Town of Randolph 4s, . . ( 

On $4,000 City of Fall River 6s, 

On $2,000 City of Boston 6s, 

On $10,000 City of Grand Rapids, Mich., 5s, j 



$39,000 00 



Loans on Bank Stock, amount on each : — 

On 460 shares National Exchange Bank, Boston, 

On 10 shares National City Bank, Lynn, 

On 26 shares First National Bank, Lynn, 

On 100 shares Broadway National Bank, Boston, 

On 9 shares First National Bank, Lynn, 

On 7 shares First National Bank, Lynn, 

On 35 shares National Security Bank, Lynn, 





$46,000 00 




1,000 00 




2,600 00 




8,000 00 




800 00 




700 00 




3,500 00 



Loans on Railroad Bonds, amount on each : — 

On $7,000 Androscoggin & Kennebec R.R. 6s, 

On $5,000 Boston & Lowell R.R. 6s, 

On $5,000 Maine Central R.R. 7s, . 

On $10,000 Leeds & Farmington R.R. 6s, 

On $20,000 Worcester, Nashua & Rochester R.R. 4s, 

On $5,000 Boston & Maine R.R. 7s, 

On $10,000 Worcester, Nashua & Rochester R.R. 4s, 



$35,000 00 



4,000 00 
5,000 00 



Loans on Railroad Stocks, amount on each : — 

On 50 shares Old Colony R.R $7,000 00 

On 100 shares Old Colony R.R., 13,500 00 

On 100 shares Fitchburg R.R., 6,000 00 

Invested in real estate (for banking purposes), $30,000 00 

Estimated value of the same, 30,000 00 

Assessed value of the same 30,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,513 44 

Value (by books) of other real estate, held by foreclosure or otherwise, . 7,831 93 

Assessed value of the same, . . . 18,950 00 

Net income received from same during year ending Oct. 31, 1887, . . 317 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, . . . 667 

Aggregate amount of the same, 664,573 00 

Cash on Deposit in Banks, amount in each : — 

Traders' National Bank, Boston, • . . $2,285 10 

Shawmut National Bank, Boston, 89 02 

Market National Bank, Boston, 3,288 09 

National City Bank, Lynn 25,797 01 

Merchants' National Bank, Boston, 504 45 

National Bank of the Republic, Boston, 1,344 51 

Lancaster National Bank, Clinton, 6,045 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $116,046 81 

Rate and amount of each semi-annual dividend for the year } 2 per cent., f 39,478 50 

ending Oct. 31, 1887, J 2 per cent., 1 40,557 53 

Times for the dividends fixed by the by-laws : January 1 and July 1. 



1888.] 



PUBLIC DOCUMENT — Xo. 8. 



303 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 17,773 $648,945 55 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 307 166,150 00 

Number and amount of withdrawals (including dividends) during the 

. year ending Oct. 31, 1887, 10,478 592,175 76 

Number of accounts opened during the year ending Oct. 31, 1887, 2,905 
Number of accounts closed during the year ending Oct. 31, 1887, 2,076 
Amount of expenses of the corporation during the year ending Oct. 31 , 1887, 6,738 1 5 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner: June 27. 

Total amount of Loans v;ith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Eate. 


Amount. 


Rate. 


855,000 00 

238,100 00 

58,000 00 

502,367 00 


4 per cent. 
4£ " 

4| 

5 " 


825,000 00 

963,301 98 

80,000 00 


5| per cent. , 

oh " 
5| 


392,975 00. 
1,400 00 
6,400 00 


6 per cent. 
6* « 

7 



Classification of Depositors* Accounts. 



..- . 



Amount. 



Whole number, 

Of 850 or less, 

Exceeding 850 and not more than $100, 
Exceeding 8100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



13,117 


- 


6,756 : 


889,070 39 


1,469 | 


105,547 00 


1,565 


217,090 00 


1,728 


568,811 00 


1,309 


907,597 00 


290 


370,876 00 


5,930 


1,133,422 00 


75 


24.152 00 


67 


25,002 00 


676 


81,506 00 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Manchester, X. H., 4s, 
of Chelsea, Mass., 6s, 
of Columbus, Ohio, 8s, . 
of Xewton. Mass.. 5s. 

Town of Brookline, Mass., 7s, 

State of Maine 6s, . 

United States 4£s, 



81.000 


81.000 00 


$1,000 00 


2,000 


2,240 00 


2.000 00 


2,000 


2.000 00 


2.199 66 


5.000 


5.650 00 


6.133 48 


10,000 


12.500 00 


10,000 00 


7.000 


7.227 50 


7.000 00 


5,000 


5.437 50 


5,618 75 


882.000 


836,055 00 


833,951 89 



304 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



328 
93 
44 
23 

135 
88 

253 

7 

69 

25 

15 

154 
14 
17 

127 
56 

130 
42 

127 
50 

30 
26 

50 
50 



Natl City Bank, Lynn, . 
Central Natl Bank, Lynn, 
First Natl Bank, Lynn, . 
Natl Exchange Bank, Boston 
First Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Nl B'k of Redemption, Boston 
Nl Hide & Leather B'k,Boston 
Natl Revere Bank, Boston, 
Freeman's Natl Bank, Boston 
Shoe & Leather Nl B'k, Boston 
Continental Nl Bank, Boston 
Boylston Natl Bank, Boston, 
Columbian Natl Bank, Boston 
Natl Union Bank, Boston, 
Blackstone Natl Bank, Boston 
Merchants 1 Natl Bank, Boston 
Nl B'k of the Republic, Boston 
Tremont Natl Bank, Boston, 
Nl B'k of the Commonwealth 

Boston, .... 
North Natl Bank, Boston, 
Nl B'k of No. America, Boston 
Merchandise Nl Bank, Boston 
Georgetown Natl B'k, George- 
town, 



$32,800 
9,300 
4,400 
2,300 

13,500 
8,800 

25,300 

700 

6,900 

2,500 

1,500 

15,400 
1,400 
1,700 

12,700 
5,600 

13,000 
4,200 

12,700 

5,000 
3,000 
2,600 
5,000 

5,000 



$195,300 



$57,400 00 

13,578 00 
5,280 00 
2,898 00 

29,700 00 
8,008 00 

31,131 00 

798 00 

8,556 00 

2,350 00 

1,515 00 

18,326 00 
1,820 00 
2,142 00 

18,288 00 
5,880 00 

18,200 00 
5,880 00 

12,700 00 

6,750 00 
3,930 00 
2,704 00 
5,000 00 

5,000 00 



$49,939 50 

11,863 97 
5,150 00 
2,957 50 

21,601 75 
8,800 00 

30,000 00 

682 50 

6,900 00 

2,500 00 

1,500 00 

17,116 50 
1,400 00 
1,700 00 

15,500 00 
5,600 00 

17,135 37 
4,200 00 

12,700 00 

5,000 00 
3,000 00 
2,418 00 
5,000 00 

5,000 00 



$267,834 00 



$237,665 09 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 


$24,000 


$26,640 00 


$24,000 00 


Boston & Maine R.R. 7s, . 


11,000 


12,540 00 


11,000 00 


Fitchburg R.R. 7s, . 


2,000 


2,260 00 


2,000 00 


Old Colony R.R. 6s, . 


7,000 


7,850 00 


7,000 00 


Old Colony R.R. 7s, . 


23,000 


26,220 00 


23,000 00 


Androscoggin & Kennebec R.R. 6s, 


10,600 


11,057 75 


11,799 50 


Eastern R.R. 6s, ... 


10,500 


12,810 00 


9,983 65* 




$88,100 


$99,377 75 


$88,783 15 



* This was a legal investment when made. 



1888.] PUBLIC DOCUMENT — No. 8. 305 

Commonwealth of Massachusetts. 

Essex, 88., Nov. 14, 1887. 
Personally appeared H. E. Newhall, Treasurer of the Lynn Five Cents Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, R. E. Hakmon, Justice of the Peace. 

Essex, ss., Nov. 14, 1887. 
Personally appeared W. E. Rymonds, James S. Newhall, S. J. Hollis, P. Lennox and 
John B. Nichols, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the atFairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer ; and that they believe said statement to be true. 

Before me, H. E. Newhall, Justice of the Peace. 

Essex, ss., Dec. 15, 1887. 
Personally appeared Henry A. Pevear, President, and made oath that the books and 
records of the said bank indicate the state of affairs as above attested by the treasurer; 
and that he believes said statement to be true. 

Before me, R. E. Harmon, Justice of the Peace. 



306 



BANK COMMISSIONERS' REPORT. 



[Jan. 



LYNN INSTITUTION FOR SAVINGS — LYNN. 

Incorporated 1826. Number of corporators, 57. 

Philip A. Chase, President. D. H. Sweetser, Treasurer. 

D. H. Sweetser, Clerk. 

Names of committee charged with the investment of its funds : 
Phillip A. Chase, Thomas Stacey, 

Chas. F. Coffin, William Bassett. 

Open for business every business day, 9 a.m. to 1 p.m. Saturday, 2.30 to 5.30 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$587,500 00 


i 

i Deposits, . 


$2,720,345 02 


Loan on public funds, 


20,000 00 


Earnings undivided, 


76.111 44 


Bank stock as per Schedule B, . 


178,900 00 


Guaranty fund, 


111,000 00 


Loans on bank stock, . 


17,200 00 






Railroad bonds, .... 


28,659 76 






Loan on railroad bonds, 


9,000 00 






Real estate (for banidng pur- 








poses), ..... 


30,000 00 






Loans on real estate, . 


1,223,786 00 






Loans on personal security, 


504,500 00 






Loans to counties, cities or towns 








(notes), 


203,050 00 






Deposits in banks, on interest, . 


86,697 06 






Tax titles, 


642 17 






Cash on hand, .... 


17,521 47 








f2,907,456 46 


$2,907,456 46 



Loan on Public Funds : — 

On $20,000 City of Grand Rapids, Mich., 5s, *$20,000 00 

Loans on Bank Stock, amount on each : — 

On 80 shares National City Bank, Lynn . $8,000 00 

On 7 shares First National Bank, Lynn, 600 00 

On 6 shares First National Bank, Lynn, 600 00 

On 20 shares First National Bank, Lynn 2,000 00 

On 4 shares First National Bank, Lynn, 400 00 

On 2 shares First National Bank, Lynn, 200 00 

On 40 shares First National Bank, Lynn, i 

On 14 shares Central National Bank, Lynn, } 

Loan on Railroad Bonds : — 

On $9,000 Boston, Winthrop & Shore RR * $9,000 00 

Invested in real estate (for banking purposes), $30,000 00 

Estimated value of the same, 40,000 00 

Assessed value of the same, . 32,100 00 



* These illegal loans have been paid. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



307 



Net income received from same during year ending Oct. 31, 1887, . . $2,200 00 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each 386 

Aggregate amount of the same, 540,836 00 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Lynn, $46,697 06 

National Security Bank, Lynn, 20,000 00 

Lynn National Bank, Lynn, 20,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887 $145,636 00 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 48,374 33 

ending Oct. 31, 1887, J 2 per cent., 1 49,577 24 

Times for the dividends fixed by the by-laws : May 1 and November 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 9,204 $582,618 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, .397 203,720 00 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 6,792 549,872 57 

Number of accounts opened during the year ending Oct. 31, 1887, 1,488 
Number of accounts closed during the year ending Oct. 31, 1887, 1,074 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,763 00 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner : July 6. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$46,697 06 

5,000 00 

324,600 00 

150,000 00 


2 2 per cent. 

3| 

4 

4 2 - 


$25,000 00 
720,418 00 
487,559 00 
286,259 00 


4| per cent. 
5 

"2 

6 " 


$6,700 00 
12,000 00 


6 2 per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number 

Of $50 or less, 

Exceeding $50 and not more than $100, 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than 

Exceeding $500 and less than $1,000, 

Of $1,000 or more, .... 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 




$41,093 54 

63,128 48 

193,987 34 

497,745 00 

860,603 66 

1,063,787 00 

1,245,467 00 

29,851 00 

57,969 00 

135,333 00 



308 



BANK COMMISSIONERS' REPORT. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 4s, . 


$90,000 


$114,075 00 


$90,000 00 


United. States 4|s, . 




65,000 


70,687 00 


65,000 00 


City of Lynn, Mass., 6s, . 




9,000 


9,662 00 


9,000 00 


of Lynn, Mass., 4s, . 




43,500 


43,500 00 


43,500 00 


of Lowell, Mass., 6s, 




16,000 


16,800 00 


16,000 00 


of Boston, Mass., 6s, 




16,000 


18,380 00 


16,000 00 


of Boston, Mass., 4s, 




1,000 


1,000 00 


1,000 00 


of Fall River, Mass., 5s, 




25,000 


26,375 00 


25,000 00 


of Fall River, Mass., 6s, 




7,000 


7,910 00 


7,000 00 


of Fall River, Mass., 4s, 




5,000 


5,000 00 


5,000 00 


of Maiden, Mass., 6s, 




15,000 


15,750 00 


15,000 00 


of Manchester, N. H., 6s, 


3,000 


3.150 00 


3,000 00 


of Newburyport, Mass., 4s, 


10,000 


10,000 00 


10,000 00 


of Providence, R. I., 6s, . 


24,000 


28,800 00 


24,000 00 


of Cleveland, Ohio, 7s, . 


8,000 


8,980 00 


8,000 00 


of Cleveland, Ohio, 6s, . 


23,000 


25,620 00 


23,000 00 


of Detroit, Mich., 7s, 


28,000 


33,870 00 


28,000 00 


of Salem, Mass., 6s, 


5,000 


5,050 00 


5,000 00 


of Salem, Mass., 5s, 


2,000 


2,240 00 


2,000 00 


of New Bedford, Mass., 6s, 


5,000 


6,500 00 


5,000 00 


of Auburn, Me., 5s, . 


1,500 


1,530 00 


1,500 00 


of Dayton, Ohio, 4s, . . 


25,000 


25,000 00 


25,000 00 


of Columbus, Ohio, 4s, . 


10,000 


10,000 00 


10,000 00 


of Fitchburg, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 


of Cambridge, Mass., 6s, 


17,000 


19,370 00 


17,000 00 


of Somerville, Mass., 5-|s, 


10,000 


11,900 00 


10,000 00 


Town of Saugus, Mass., 5s, 


4,500 


4,590 00 


4,500 00 


of Peabody, Mass., 4s, . 


20,000 


20,000 00 


20,000 00 


of Melrose, Mass., 6s, . 


20,000 


21,600 00 


20,000 00 


of Abington, Mass., 4s, 


5,000 


5,000 00 


5,000 00 


of Beverly, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 


District of Columbia 6s, . 


29,500 


32,840 00 


29,500 00 


Franklin County, Me., 4s, 


15,000 


15,000 00 


15,000 00 


Hampden County, Mass., 3s, . 


10 000 


9,500 00 


9,500 00 


* 




#588,000 


$649,679 00 


$587,500 00 



Schedule B — Detailed Statement of Bank Stocks. 



O a> 






Estimated 




© ^ 




Par Value. 




Amount Invested. 


fc w 






Market Value. 




53 


Atlantic Nat'l Bank, Boston, . 


$5,300 


$7,049 00 


$5,300 00 


55 


Blackstone Nat'l Bank, Boston, 


5,500 


5,940 00 


5,500 00 


89 


Columbian Nat'l Bank, Boston, 


8,900 


11,303 00 


8,900 00 


35 


Continental Nat'l B'k, Boston, 


3,500 


4,165 00 


3,500 00 


54 


Everett Nat'l Bank, Boston, . 


5,400 


5,238 00 


5,400 00 


13 


Freeman's Nat'l Bank, Boston, 


1,300 


1,222 00 


1,300 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



309 



Schedule B — Concluded. 



<■>- en 

O a> 






Estimated 




O 03 




Par Value. 




Amount Invested. 








Market Value. 




55 


Nat'l Exchange Bank, Boston, 


$5,500 


$6,930 00 


$5,500 00 


25 


Merchandise N'l Bank, Boston, 


2,500 


2,500 00 


2,500 00 


34 


N'l B'k of No. America, Boston, 


3,400 


3,400 00 


3,400 00 


25 


First Natl Bank, Boston, 


2,500 


5,525 00 


2,500 00 


59 


New England N'l B'k, Boston, 


5,900 


8,614 00 


5,900 00 


100 


Natl Rockland Bank, Boston, 


10,000 


15,000 00 


10,000 00 


100 


N'l B'k of the Republic, Boston, 


10,000 


14,000 00 


10,000 00 


20 


Shawmut Natl Bank, Boston, 


2,000 


2,500 00 


2,000 00 


55 


Second Natl Bank, Boston, 


5,500 


8,250 00 


5,500 00 


73 


Natl Union Bank, Boston, 


7,300 


10,585 00 


7,300 00 


430 


First Natl Bank, Lynn, . 


43,000 


53,750 00 


43,000 00 


301 


Central Natl Bank, Lynn, 


30,100 


43,645 00 


30,100 00 


213 


Natl City Bank, Lynn, . 


21,300 


38,340 00 


21.300 00 




$178,900 


$247,956 00 


$178,900 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... . 
Boston, Revere Beach & Lynn R.R. 6s, 


$20,000 
10,000 


$24,400 00 
11,100 00 


$18,659 76* 
10,000 00 




$30,000 


$35,500 00 


$28,659 76 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887. 
Personally appeared D. H. Sweetser, Treasurer of the Lynn Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Herbert S. Townsend, Notary Public. 

Essex, ss., Nov. 16, 1887. 
Personally appeared Philip A. Chase, Joseph F. Hannon, Harmon Hall, Amos F» 
Breed and Owen Dame, being five or more of the trustees of said corporation, and 
severally made oath or affirmation that they have made an examination of the affairs of 
the bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer ; and that they believe said statement to be true. 

Before me, Herbert S. Townsend, Notary Public. 



* This was a legal investment when made. 



310 



BANK COMMISSIONERS' REPORT. [Jan. 



MALDEN SAVINGS BANK — MALDEN. 

Incorporated 1860. Number of corporators, 34. 

James Pierce, President. Francis A. Shove, Treasurer. 

Francis A. SHove, Clerk. 

Names of committee charged with the investment of its funds : 
James Pierce, A. F. Sargent, 

A. G. Hill, F. F. Silloian, 

J. P. Holden, A. H. Davenport. 

Open for business every business day, 8.30 a.m. to 1 p.m., Saturday evening, 7 to 8.30. 

Statement. 



Assets. 




Liabilities. 


Public funds as per Schedule A, 
Loans on public funds, 
Bank stock as per Schedule B, . 
Loan on bank stock, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposits in banks, on interest, . 

Premium account, 

Cash on hand, .... 


$59,000 00 

9,000 00 

68,150 00 

500 00 

414,705 56 

268.9J0 00 

86,250 00 

32,887 46 

2,000 00 

1,089 06 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$922,898 78 

3,283 30 

16,300 00 




$942,482 08 


$942,482 08 



Loans on Public Funds, amount on each : — 

On $4,000 City of Norwich, Ct., bonds, $4,000 00 

On $5,000 United States 4s 5,000 00 

Loan on Bank Stock : — 
On 5 shares First National Bank, Maiden, $500 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 232 

Aggregate amount of the same, . . $305,755 56 

Amount of investments from which no income is received, .... 2,500 00 

Cash on Deposit in Banks, amount in each: — 

First National Bank, Maiden, $12,494 02 

National Exchange Bank, Boston, 5,393 44 

Continental National Bank, Boston, 15,000 00 

Whole amount of interest or profits received or earned during year ending 
Oct. 31,1887, $44,588 96 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., ( 15,562 16 
ending Oct. 31, 1887, J 2 per cent., I 16,426 49 

Times for the dividends fixed by the by-laws : second Wednesday in April 
and October. 



1888.]' 



PUBLIC DOCUMENT — No. 8. 



311 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 5,773 $325,277 68 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887 216 117,987 00 

Number and amount of withdrawals (including dividends) during the 

. year ending Oct. 31, 1887, 3,456 266,434 50 

Number of accoxmts opened during the year ending Oct. 31, 1887, . 958 
Number of accounts closed during the year ending Oct. 31, 1887, . 561 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, *4,508 78 

Amount of treasurer's bond 25,000 00 

Date of examination by commissioner : May 28. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$17,887 46 
40,500 00 
60,750 00 
20,000 00 


2£ per cent. 
3i " 
4 

4| " 


$50,000 00 

164,375 00 

39,150 00 


4^ per cent. 
5 

5£ « 


$355,830 56 
45,000 00 
18,750 00 


6 per cent. 
6£ - 

•7 



Classification of Depositors'' Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust 



ons, 



$52,163 78 

38,675 42 

79,287 81 

199,357 27 

263,700 96 

289,713 54 

537,754 31 

9,255 00 

20,707 00 

56,558 00 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 6s, 
City of Fall River, Mass., 6s, 
of Fitchburg, Mass., 6s, 
of Bangor, Me., 6s, . 
of Newton, Mass., 5s, 
Town of Woburn, Mass., 6s, 
of Brookline, Mass., 7s, 
of Clinton, Mass., 4s, 



$10,000 

5,000 

1,000 

5,000 

8,000 

10,000 

10,000 

10,000 



$59,000 



$12,500 00 

6,250 00 

1,092 00 

6,100 00 

8,815 00 

10,750 00 

12,100 00 

10,000 00 



$67,937 00 



$10,000 00 

5,000 00 

1,000 

5,000 

8,000 
10,000 
10,000 
10,000 



00 

00f 

00 

00 

00 

00 



$59,000 00 



* Including expense of furnishiug new banking rooms, 
t This was a legal investment when made. 



312 



BANK COMMISSIONERS' REPORT. 



[Jan- 



Schedule B — Detailed Statement of Bank Slocks. 



O a) 






Estimated 




O C3 




Par Value. 






Amount Invested, 


fc g 






Market Value. 




20 


Globe Natl Bank, Boston, 


$2,000 


$1,820 00 


$2,000 00 


20 


Atlas ISTat'l Bank, Boston, 


2,000 


2,300 


00 


2,000 00 


23 


Atlantic Natl Bank, Boston, . 


2,300 


3,082 


00 


2,300 00 


25 


Continental Natl B'k, Boston, 


2,500 


2,975 


00 


2,500 00 


8 


Eliot Natl Bank, Boston, 


800 


1,024 


00 


800 00 


15 


First Natl Bank, Boston, 


1,500 


3,315 


00 


1,500 00 


25 


Freeman's Natl Bank, Boston, 


2,500 


2,350 


00 


2,500 00 


10 


Hamilton Natl Bank, Boston, 


1,000 


1,220 


00 


1,000 00 


11 


Howard Natl Bank, Boston, . 


1,100 


1,177 


00 


1,100 00 


4 


Massachusetts Nl B'k, Boston, 


1,000 


1,060 


00 


1,000 00 


16 


Market Natl Bank, Boston, . 


1,600 


1,488 


00 


1,600 00 


30 


Merchants' Natl Bank, Boston, 


3,000 


4,230 


00 


3,000 0O 


36 


Natl City Bank, Boston, . 


3,600 


3,852 


00 


3,600 00 


13 


Nl Bank of Commerce, Boston, 


1,300 


1.586 


00 


1,300 00 


28 


Natl Eagle Bank, Boston, 


2,800 


2,856 


00 


2,800 00 


73 


Natl Exchange Bank, Boston, 


7,300 


9,198 


00 


7,300 00 


20 


Nl Hide & Leather B'k, Boston, 


2,000 


2,280 


00 


2,000 00 


55 


Nl B'k of Redemption, Boston, 


5,500 


6,985 


00 


5,500 00 


12 


Nl B'k of No. America, Boston, 


1.200 


1,260 


00 


1,200 00 


7 


Natl Revere Bank, Boston, 


700 


875 


00 


700.00 


5 


Natl Rockland Bank, Boston, . 


500 


750 


00 


500 00 


30 


Natl AVebster Bank, Boston, . 


3,000 


3,090 


00 


3,000 00 


14 


North Natl Bank, Boston, 


1,400 


1,834 


00 


1,400 00 


21 


Old Boston Nl Bank, Boston, . 


1,050 


1,176 


00 


1,050 00 


16 


Shawmut Natl Bank, Boston, . 


1,600 


2,000 


00 


1,600 00 


47 


State Natl Bank, Boston, 


4,700 


5,452 


00 


4,700 00 


12 


Suffolk Natl Bank, Boston, . 


1,200 


1,368 


00 


1,200 00 


10 


Tremont Natl Bank, Boston, . 


1,000 


1,000 


00 


1,000 00 


12 


Traders 1 Natl Bank, Boston, . 


1,200 


1,128 


00 


1,200 00 


68 


First Natl Bank, Maiden, 


6,800 


8,500 


00 


6,800 00 




$68,150 


$81,231 


00 


$68,150 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 8, 1887. 
Personally appeared Francis A. Shove, Treasurer of the Maiden Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief. 

Before me, Leverett D. Holden, Justice of the Peace. 



Middlesex, ss., Nov. 8, 1887. 
Personally appeared James Pierce, Caleb Waite, Abram G. Hill, David Ayer and F. 
A. Smith, being five or more of the trustees of said corporation, and severally made 
oath that they have made an examination of the affairs of the bank ; that the books and 
records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, Leverett D. Holden, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



313 



MARBLEHEAD SAVINGS BANK — MARBLEHEAD. 

Incorporated 1871. Number of corporators, 72. 



N. P. Sanborn, President. 



Everett Paine, Clerk. 



William Gilley, Treasurer. 



Names of committee charged with the investment of its funds : 
N. P. Sanborn, William Reynolds, 

Henry A. Potter, Stephen Hathaway. 

Moses Gilbert, 

Open for business every business day, 9 a.m. to 12 m. ; Saturday, 6 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loans on bank stock, . 
Railroad bonds, .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), 

Deposit in bank, on interest, 

Expense account, 

Cash on hand, .... 


$28,675 00 
55,818 96 
4,800 00 
16,938 75 
28,138 48 
93,975 00 
41,662 13 

6,000 00 

12,659 21 

668 81 

365 63 

$289,701 97 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$277,142 38 
6,893 08 
5,666 51 




$289,701 97 



Loans on Bank Stock, amount on each : — 
On 21 shares Marblehead National Bank, Marblehead, 
On 22 shares National Grand Bank, Marblehead, 
On 5 shares Marblehead National Bank, Marblehead, . 



' I $4,300 00 
500 00 



Value (by books) of real estate, held by foreclosure or otherwise, . . $28,138 48 

Assesse'd value of the same, 27,900 00 

Net income received from same during year ending Oct. 31, 1887, . . 783 66 
Number of outstanding loans which are of an amount not exceeding $3,000 

each 51 

Aggregate amount of the same, 50,775 00 

Cash on Deposit in Bank : — 

Marblehead National Bank, Marblehead, $12,659 21 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $12,343 73 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., J 4,735 16 

ending Oct. 31, 1887, J 2 per cent., 1 4,932 30 



314 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Times for the dividends fixed by the by-laws : May 1 and November 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,546 $71,619 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 42 23,772 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, . • 865 63,484 20 

Number of accounts opened during the year ending Oct. 31, 1887, . 282 
Number of accounts closed during the year ending Oct. 31, 1887, . 169 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,411 50 

Amount of treasurer's bond 20,000 00 

Date of examination by commissioner: September 2. 



Total amount of Loans ivith each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Rate. 


$12,659 21 
10,000 00 
22,200 00 


2 per cent. ■ 
5 " 


$28,062 13 
63,925 00 
10,000 00 


5£ per cent. 
6 

eh " 


$12,050 00 
200 00 


7 per cent. 
8 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $l,000"or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$11,566 73 

10,028 97 

26,500 88 

67,589 18 

76,308 83 

85,147 79 

54,661 37 

3,533 10 

12,098 57 

2,585 18 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Charlestown, Mass., Gs, 

of •Bangor, Me., (is, . 
Town of Arlington, Mass., 6s, 
of Melrose, Mass., 7s, . 


$3,000 

8,000 
5.000 

10,000 


$3,172 50 
8,780 00 
5,135 00 

11,700 00 


$3,000 00 
8,780 00* 
5,135 00 

11,700 00 




$20,000 


$28,847 50 


$28,075 00 



* This was a legal invealment when made. 



1888.] PUBLIC DOCUMENT— »o. 8. 

Schedule B — Detailed Statement of Bank Stocks. 



315 



o o 
s- 

O K 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


38 
4 
32 
19 
29 
25 
24 
12 

30 

31 

25 

5 

9 

25 
20 
13 
25 
25 
21 
56 


Nat 1 ] Grand Bank, Marblehead, 

Nat'l Revere Bank, Boston, 
N'l Hide & Leather B'k, Boston, 
N'l Bank of Commerce, Boston, 
VI B"kof Redemption, Boston, 
XI B*k of No. America, Boston, 
N'l B'k of the Republic, Boston, 
Marblehead N'l Bank, Marble- 
head, 

Blackstone Nat'l Bank, Boston, 
Boylston Natl Bank, Boston, . 
Continental Nat'l Bank, Boston, 
Hamilton Natl Bank, Boston, . 
Market Nat'l Bank, Boston, . 
Merchants' Natl Bank, Boston, 
Mt. Vernon Nat'l Bank, Boston, 
Merchandise N'l Bank, Boston, 
North Nat'l Bank, Boston, 
Shawmut Natl Bank, Boston,. 
Shoe & Leather N'l B'k, Boston, 
State Nat'l Bank, Boston, 


$3,800 
400 
3,200 
1 .900 
2,900 
2,500 
2,400 

1.200 
3.000 
3,100 
2,500 
500 
900 
2,500 
2,000 
1,300 
2,500 
2.500 
2,100 
5,600 


$4,560 00 
600 00 
3.672 00 
2.322 75 
3,690 25 
2.631 25 
3,363 00 

1,440 00 
3.255 00 
4,185 00 
2,975 00 
612 50 
837 00 
3.537 50 
2,755 00 
1.303 25 
3.306 25 
3,168 75 
2,126 25 
6,510 00 


$4,639 15 
442 75 
3,744 00 
2,440 00 
4,067 25 
2,778 -12 
3,072 00 

1,344 00 

3,485 00 
3,839 50 
2,687 50 
591 25 
999 00 
3,331 25 
2,505 20 
1,297 67 
3,056 25 
3,084 37 
2,366 25 
6,048 45 




$46,800 


$56,850 75 


$55,818 96 



Railroad Bonds. 





Par Value. 


Estimated 

Amount Invested. 
Market Value. 


Boston & Lowell R.R. 7s, 
Fitchburg R.R. 4|s, . 


$10,000 
5,000 


$11,400 00 
5,125 00 


$11,810 00 
5,128 75 




$15,000 


$16,525 00 


$16,938 75 



Commonwealth of Massachusetts. 

Essex, ss., Dec. 7, 1887. 
Personally appeared William Gilley, Treasurer of the Marblehead Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Thomas Ixgalls, Jr., Justice of the Peace. 

Essex, ss., Dec. 7, 1887. 
Personally appeared Nathan P. Sanborn, Moses Gilbert, William Reynolds, Everett 
Paine and Thomas W. Tucker, being rive or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, William Gilley, Justice of the Peace. 



316 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MARLBOROUGH SAVINGS BANK- MARLBOROUGH. 

Incorporated April 3, 1860. Number of corporators, 93'. 

S. Herbert Howe, President. Edward R. Alley, Treasurer. 

Edward R. Alley, Clerk. 

Names of committee charged with the investment of its funds : 

S. Herbert Howe, W. M. Warren, 

Wm. D. Burdett, 
L. S. Brigham, 



Alba C. Weeks. 



Open for business every business day, except Saturday, 9 a.m. to 12 m., 2 to 4 p.m. ; 

Saturday, 9 a.m. to 12 m. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stocK as per Schedule B, 
Loans on bank stock, . 
Railroad bonds, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposits in banks, on interest, 
Expense account, 



5228,900 00 

178,135 24 

4,529 00 

31,000 00 

601,046 00 

56,989 15 

85,500 00 

44,242 45 

1,025 29 



1,231,367 13 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$1,171,692 53 
34,379 60 
25,295 00 



$1,231,367 13 



Loans on Bank Stock, amount on each : — 

On 37 shares National Eagle Bank, Boston, i 

On i shares Merchandise National Bank, Boston, J $ 3 > 329 00 

On 12 shares National Bank of the Commonwealth, Boston, . . . 1,200 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 eacb, 452 

Aggregate amount of the same, $420,032 70 

Cash on Deposit in Banks, amount in each : — 

Peoples' National Bank, Marlborough, $20,079 74 

First National Bank, Marlborough, 24,162 71 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 $59,530 44 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 21,115 47 
ending Oct. 31, 1887, J 2 per cent., 1 21,522 89 

Times for the dividends fixed by the by-laws : third Wednesday in January 
and July. 






1888.] 



PUBLIC DOCUMENT — No. 8. 



317 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 3,394 $26-5,083 00 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 202 110,186 00 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,184 246,149 58 

Number of accounts opened during the year ending Oct. 31, 1887, . 730 
Number of accounts closed during the year ending Oct. 31, 1887, . 531 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,852 23 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner : February 8. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Kate. 


$44,242 45 
72,500 00 
40,929 00 


1\ per cent. 
4 " 

u 


$17,000 00 
146,822 83 


4| per cent. 

5 


$46,644 80 5i per cent. 
424,167 52 I 6 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust 




$20,200 61 

27,310 00 

70,333 41 

231,402 55 

386,999 85 

435,446 11 

487,392 50 

31,370 40 

19,480 27 

13,272 40 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Tar Value. 


Market Value. 


Amount Invested. 


City of Lowell, Mass., 6s, 


$12,000 


$14,600 00 


$12,000 00 


of Fall River, Mass., 6s, . 


15,000 


16,650 00 


15,000 00 


of Boston, Mass., 4s, 


10,000 


10,250 00 


10,000 00 


of Boston, Mass., 6s, 


11.000 


13,530 00 


11,000 00 


Town of Pawtucket, R. I., 5s, 


10,000 


10,800 00 


10,000 00 


City of Lewiston, Me., 5s, 


7,000 


8,050 00 


7,000 00 


of Cambridge, Mass., 6s, 


10,000 


11,125 00 


10,000 00 


of Lynn, Mass., 6s, . 


7,000 


7,850 00 


7,000 00 


of Charlestown, Mass., 6s, 


27,000 


28,625 00 


27,000 00 


of Dover, N. H., 6s, 


4,400 


4,752 00 


4,400 00 



318 



BANK COMMISSIONERS' REPORT. [Jan. 

Schedule A — Concluded. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town of Winchester, Mass., 4s, 


$15,000 


$15,000 


00 


$15,000 00 


City of Keene, N. H., 4s, 


10,000 


10,100 


00 


10,000 00 


of Providence, R. I., 5s, . 


9,000 


10,260 


00 


9,000 00 


Town of Clinton, Mas's., 4s, 


4,000 


4.000 


00 


4,000 00 


of Arlington, Mass., 6s, 


3,000 


3,210 


00 


3,000 00 


City of Newton, Mass., 5s, 


2,000 


2,260 


00 


2,000 00 


of Worcester, Mass., 4s, . 


5,500 


5,527 


00 


5,500 00 


Town of Marlborough, Mass., 4s, . 


20,000 


20,000 


00 


20,000 00 


City of Lowell, Mass., 4s, 


20,000 


20,100 


00 


20,000 00 


of Lynn, Mass., 4s, . 


2,000 


2,020 


00 


2,000 00 


of Fitchburg, Mass., 4s, . 


3,000 


3,015 


00 


3,000 00 


of Taunton, Mass., 6s, 


4,000 


4,560 


00 


4,000 00 


of Worcester, Mass., 3^s, 


5,000 


4,750 


00 


5,000 00 


Town of Pawtucket, R. L, 4s, 


3,000 


3,000 


00 


3,000 00 


City of Springfield, Mass., 7s, 


1,000 


1,235 


00 


1,000 00 


Town of Weymouth, Mass., 4s, 


1,000 


1,000 


00 


1,000 00 


City of Waltham, Mass., 4s, . 


3,000 


3,015 


00 


3,000 00 


Town of Wellesley, Mass., 4s, 


5,000 


5,000 


00 


5,000 00 




$228,900 


$244,284 


00 


$228,900 00 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



80 
82 
76 
75 
75 
71 
70 
70 
63 
62 
61 
59 
55 
50 
50 
50 
50 
50 
50 
45 
42 
40 
35 



Continental Nl Bank, Boston, 
Atlas Natl Bank, Boston, 
First Natl Bank, Marlboro 1 , 
Natl Eagle Bank, Boston, 
Nl B"k of the Republic, Boston 
Natl Webster Bank, Boston, 
Tremont Natl Bank, Boston, 
Manufacturers' Nl B^Boston 
Third Natl Bank, Boston, 
State Natl Bank, Boston, 
Everett Natl Bank, Boston, 
Nl B'k of No. America, Boston, 
Faneuil Hall Nl Bank, Boston, 
Peoples 1 Natl Bank, Marlboro 1 , 
Natl Exchange Bank, Boston, 
Natl City Bank, Boston, 
Boston Natl Bank, Boston, 
Merchandise Nl Bank, Boston, 
Globe Natl Bank, Boston, 
Mark (it Natl Bank, Boston, . 
LI iofc Natl Bank, Boston, 
Nl B'k of Redemption, Boston, 
Freeman's Natl Bank, Boston, 
Howard Natl Bank, Boston, . 



$8,800 
8,000 
8,200 
7.600 
7,500 
7,500 
7,100 
7,000 
7,000 
6,300 
6,200 
6,100 
5,900 
5,500 
5,000 
5,000 
5,000 
5,000 
5,000 
5,000 
4,500 
4,200 
4,000 
3,500 



,472 00 
9,060 00 
8,610 00 
7,600 00 
10,500 00 
7,687 50 
7,100 00 
6,615 00 
7,000 00 
7,308 00 
6,014 00 
6,374 50 
8,201 00 
6,435 00 
6,300 
5,350 
5,950 
5,000 
4,600 
4,575 
5,805 
5,314 50 
3,780 00 
3,762 50 



00 
00 
00 
00 
00 
00 
00 



$8,800 00 
9,130 00 
9,020 00 
7,834 37 
7,500 00 
7,500 00 
7,119 50 
7,000 00 
7,000 00 
6,626 00 
6,237 00 
6,160 50 
6,461 87 
5,500 00 
6,023 75 
5,000 00 
5,000 00 
4,970 00 
5,000 00 
4,959 50 
5,495 25 
4,200 00 
4,115 00 
3,695 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



319 









Estimated 




6 - 




Par Value. 




Amount Invested. 


fc ai 






Market Value. 




33 


Traders 1 Nat'l Bank, Boston, . 


$3,300 


$3,102 00 


$3,225 75 


30 


Blackstone N'l Bank, Boston, 


3,000 


3.172 50 


3,305 75 


30 


First Nat'l Bank, Lynn, . 


3,000 


3,750 00 


3,000 00 


25 


Shoe & Leather N'l B'k.Boston, 


2,500 


2,525 00 


2,500 00 


25 


Hamilton Nat'l Bank, Boston, 


2,500 


3,062 50 


3,256 25 


16 


Merchants 1 Nat'l Bank, Boston, 


1,600 


2,250 00 


2,180 50 


16 


City Nat" 1 Bank, Worcester, . 


1,600 


2,140 00 


1,600 00 


15 


N'l Bank of Commerce. Boston, 


1,500 


1,830 00 


1,500 00 


15 


First Nafl Bank, Clinton, 


1,500 


1,875 00 


1,500 00 


15 


N'l Hide & Leather Bk, Boston, 


1,500 


1,717 50 


1,516 50 


14 


Newton Nat'l Bank, Newton, . 


1,400 


1,400 00 


1,403 50 


12 


Boylston Nat'l Bank, Boston, . 


1,200 


1,566 00 


1,624 25 


7 


Nafl Revere Bank, Boston, 


700 


875 00 


700 00 


4 


Shawmut Nat'l Bank, Boston, 


400 


500 00 


475 00 




$170,600 


$189,209 50 


$178,135 24 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Albany R.R. 7s, 
Boston & Albany R.R. 6s, 
Old Colony R.R. 6s, . 
Old Colony R.R. 4|s, 
Boston & Maine R.R. 7s, . 
Boston & Lowell R.R. 6s, 
Boston & Lowell R.R. 7s, 
Boston, Clinton, Fitchburg & New 
Bedford R.R. 7s, . 



$6,000 
3,000 
2,000 
3.000 
7,500 
5,000 
2,000 

2,500 



\Qfm oo 

3,348 00 

2,240 

3,180 



«,30Y 

5,525 
2,200 



00 
00 
00 
00 
00 



2,625 00 



$6,000 00 
3,000 00 
2,000 00 
3,000 00 
7,500 00 
5,000 00 
2,000 00 

2,500 00 



$31,000 ! $34,141 00 $31,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 29, 1887. 
Personally appeared Edward R. Alley, Treasurer of the Marlborough Savings Bank,, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Frederick L. Claflin, Notary Public. 

Middlesex, ss., Dec. 2, 1887. 
•Personally appeared L. S. Brigham, W. D. Burdett, James T. Murphy, Geo. N. Cate,. 
Wm. Dadmun, H O. Russell, A. C. Weeks, T. M. Miles, E. L. Bigelow and S. H. 
Howe, being five or more of the trustees of said corporation, and severally made 
oath that they have made an examination of the affairs of the bank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, Frederick L. Claflin, Notary Public. 



320 



BANK COMMISSIONEKS' REPOKT. 



[Jan. 



MECHANICS' SAVINGS BANK — HOLYOKE. 

Incorporated 1872. Number of corporators, 38. 

Timothy Merrick, President. C. B. Prescott, Treasurer. 

E. W. Chapin, Clerk. 

Names of committee charged with the investment of its funds : 
Timothy Merrick, R. P. Crafts, 

Lemuel Sears, Hiram Smith. 

J. S. Webber, 

Open for business every business day, 9 a.m. to 12 m., and 1 to 4 p.m., and Saturday 

evening, 6 to 8. 

Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 
Loans on bank stock, 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Expense account, 
Furniture and fixtures, 
Cash on hand, .... 


$14,278 50 

20,400 00 

494,565 00 

146,310 00 

26,600 00 

761 55 

2,118 75 

7,429 98 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$719,540 80 

9,822 98 

13,100 00 




$742,463 78 


$742,463 78 



Loans on Bank Stock, amount on each : — ■ 

On 10 shares City National Bank, Holyoke, $600 00 

On 110 shares Home National Bank, Holyoke, . . . . . . 9,000 00 

On 133 shares Third National Bank, Springfield 10,000 00 

On 8 shares Agawam National Bank, Springfield, 800 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 191 

Aggregate amount of the same, . . $233,754 00 

Cash on Deposit in Bank : — 
City National Bank, Holyoke $26,600 00 

Whole amount of interest or profits received or earned during year ending 

O.-t. 31,1887, $34,245 04 

Rate and amount of each semi-annual dividend for the year } 2 per cent., f 13,514 91 

ending Oct. 31, 1887, J 2 per cent., 1 14,682 27 

Times for the dividends fixed by the by-laws : May and November. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 3,583 $252,484 32 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct, 31, 1887, 195 121,263 87 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,769 231,523 80 

Number of accounts opened during the year ending Oct. 31, 1887, . 609 
Number of accounts closed during the year ending Oct. 31, 1887, . 443 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,139 43 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : April 23. 






1888.] 



PUBLIC DOCUMENT — No. 8. 



321 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 



Rate. 



$26,600 00 



4 per cent. 



Amount. 



Rate. 



Amount. 



$661,275 00 



5 per cent. 



Rate. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



"Whole number, 

Of $30 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $ 1 ,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



2,209 
674 
221 
287 
407 
325 
295 
844 

28 
6 

38 



$12,090 61 

16.262 74 

40,198 12 

134,383 68 

209,907 97 

306,697 68 

262,347 78 

15,392 93 

1,758 78 

16,950 16 



Detailed Statement of Bank Stocks. 



V« en 

o a> 
. >-, 
o a 


1 
1 

1 Par Value. 


Estimated 
Market Value. 


\mount Invested. 


22 
20 
50 
75 
175 


Shoe & Leather JST1 B'k, Boston, 
First Nat'l Bank, Springfield, . 
Third Natl Bank, Springfield, 
Hadley Falls N'l B'k, Holyoke, 
City Nat'l Bank, Holyoke, 


$2,200 
2,000 
5.000 
7,500 

17,500 


$2,200 00 

3,240 00 

9,500 00 

12.750 00 

21,875 00 


$3,008 50 

3,080 00 

8,500 00 

11.990 00 

17,700 00 




$34,200 


$49,565 00 


$44,278 50 



Commonwealth op Massachusetts. 

• Hampden, ss., Nov. 21, 1887. 
Personally appeared C. B. Prcscott, Treasurer of the Mechanics' Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Albion F. Hitchcock, Notary Public. 

Hampden, ss., Nov. 21, 1887. 
Personally appeared Hiram Smith, Edward C. Taft, Lemuel Sears, H. P. Terry, 
G. H. Smith and Timothy Merrick, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs of 
the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, Albion F. Hitchcock, Xotary Public. 



322 



BAXK COMMISSIONERS' REPORT. 



[Jan. 



MECHANICS' SAYINGS BAXK — LOWELL. 

Incorporated March, 1861. Number of corporators, 63. 

Jeremiah Clark, President. Chas. C. Hutchinson, Treasurer. 

Chas. C. Hutchinson, Clerk. 

Names of committee charged with the investment of its funds : 



Jacob Rogers, 
John Davis, 
Francis Caree, 



James Francis, 
Chas. C. Hutchinson. 



Open for business every business day, 9 a.m. to 1 p.m., and Saturday 7 to 9 p.m. 

Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 


$193,650 00 


Deposits, . 


§1,726,695 04 


Loans on bank stock, . 


10,000 00 


Earnings undivided, 


43,526 85 


Railroad notes, .... 


85,0U0 00 


Guaranty fund, 


50,400 00 


Real estate (for banking pur- 








poses), 


92,175 06 






Real estate by foreclosure, 


54,500 00 






Loans on real estate, . 


686,413 74 






Loans on personal security, 


575,200 00 






Loans to counties, cities or towns 








(notes), 


100,000 00 






Loans on depositors' books, 


400 00 






Deposits in banks, on interest, . 


18,433 54 






Cash on hand, .... 


4,849 55 








$1,820,621 89 


§1,820,621 89 



Loans on Bank Stock, amount on each : — 

On 70 shares National Bank of the Commonwealth, Boston, . . . §7,000 00 

On 10 shares Railroad National Bank, Lowell, \ 

On 20 shares Metropolitan National Bank, Boston, J ' 

Invested in real estate (for banking purposes), §92,175 06 

Estimated value of the same, 80,000 00 

Assessed value of the same, i . 63,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 3,694 02 

Value (by books) of other real estate, held by foreclosure or otherwise, . 54,500 00 

Assessed value of the same, 44,900 00 

Net income received from same during year ending Oct. 31, 1887, • • 1,506 09 
Number of outstanding loans which are of an amount not exceeding 

§3,000 each, 280 

Aggregate amount of the same 241,113 74 



1888.] 



PUBLIC DOCUMENT— No. 8, 



323 



Cash on Deposit in Banks, amount in each : — 

National Hide & Leather Bank, Boston, $413 40 

Prescott National Bank, Lowell, 1,316 08 

Old Lowell National Bank, Lowell 1,050 42 

Appleton National Bank, Lowell, 3,648 64 

Wamesit National Bank, Lowell, 10,000 00 

Railroad National Bank, Lowell, 2,005 00 

Whole amount of interest or profits received during year ending Oct. 
31, 18S7, $84,244 45 

Rate and amount of each semi-annual dividend for the year j 2 per cent., j 31,681 23 
ending Oct. 31, 1887 J 2 per cent., 1 32,885 27 

Times for the dividends fixed by the by-laws : first Saturday in June and 
December. 

Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct. 31, 1887, 4,701 $332,503 88 

Number and amount of deposits of and exceeding $300 at any one time 
during the year ending Oct. 31, 1887, 251 144,030 46 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 2,987 327,019 56 

Number of accounts opened during the year ending Oct. 31, 1887, . 885 

Number of accounts closed during the year ending Oct. 31, 1887, . 994 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 4,889 29 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : September 15. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


84,784 90 

3,648 64 

98,000 00 

145,000 00 


2^ per cent. 

H " 
4 " 
4| " 


$285,550 00 

80,000 00 

473,639 74 

25,000 00 


4£ per cent. 
4| " 
5 " 
5^ 


$133,600 00 

201,824 00 

9,500 00 

14,900 00 


5£ per cent. 

6 

6£ " 

7 



Classification of Depositors'' Accounts. 



"Whole number, .... 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$21,682 22 

37,361 83 

92,862 40 

281,565 54 

547,911 40 

745,311 65 

665,100 27 

15,568 81 

32,290 88 

319,149 84 



324 



BANK COMMISSIONEKS' EEPORT. [Jan. 

Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



106 
99 
63 
9 
45 
40 
25 
90 
8 
20 
13 

165 
60 
10 
5 
43 
37 

'281 
83 

160 
20 
39 
7 
50 
28 

117 
30 
68 



Atlas Natl Bank, Boston, 
Blackstone Nl Bank, Boston 
Boston Natl Bank, Boston, 
Natl City Bank, Boston, 
Nl Bank of Commerce, Boston 
Natl Eagle Bank, Boston, 
Eliot Natl Bank, Boston, 
Everett Natl Bank, Boston, 
First Natl Bank, Boston, 
Nl Hide & Leather B% Boston 
Howard Natl Bank, Boston, 
Merchants' Natl Bank, Boston 
Metropolitan Nl Bank, Boston 
Mt. Vernon Nl Bank, Boston 
New England Nl B 7 k, Boston 
North Natl Bank, Boston, 
Nl B'k of No. America, Boston 
Nl B'k of Redemption, Boston 
NIB'kof theRepnblic, Boston 
Natl Revere Bank, Boston, 
Second Natl Bank, Boston, 
Shawrnut Natl Bank, Boston 
Traders' Natl Bank, Boston, 
Natl Webster Bank, Boston, 
Collateral Loan Co., Boston, 
Railroad Natl Bank, Lowell, 
Bay State Nl Bank, Lawrence 
First Natl Bank, Maiden, 



$10,600 
9,900 
6,300 

900 
4,500 
4,000 
2,500 
9,000 

800 
2,000 
1,300 
16,500 
6,000 
1,000 

500 
4.300 
3,700 
28,100 
8,300 
16,000 
2,000 
3,900 

700 
5,000 
2,800 
11,700 
2,250 
6,800 



$12,932 00 
11,088 00 



7,749 
1,062 
5,760 
4,240 
3,350 
9.180 
1,720 
2,320 
1,521 
23,430 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



6,900 00 



00 
00 
00 
00 



1,410 
780 

5,977 

3,959 
35,968 00 
11,869 00 
20,960 00 

3,080 00 

4,680 
672 

5,350 

2,940 
15,210 00 

3,450 00 

8,500 00 



00 
00 
00 
00 



$171,350 



$216,057 00 



$11,660 00 
9,900 00 
7,056 00 
900 00 
5,040 00 
4,000 00 
2,500 00 
9,000 00 
SCO 00 
2,000 00 
1,300 00 

22,800 00 
6,000 00 
1,000 00 

500 
5,160 
3,700 

32,315 
9,960 00 

19,200 00 
2,500 00 
4,290 00 
700 00 
5,000 
2,800 

13,839 
2,250 
7,480 



00 
00 
00 
00 



00 
00 
00 
00 
00 



$193,650 00 



Commonwealth of Massachusetts. 
Middlesex, ss. Lowell, Dec. 21, 1887. 

Personally appeared C. C. Hutchinson, Treasurer of the Mechanics' Savings Bank in 
Lowell, and made oath that the foicgoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in refer- 
ence to the matters to which they relate, according to his best knowledge and belief. 

Before me, Wm. F. Hills, Justice of the Peace. 

Middlesex, ss. Lowell, Dec. 21, 1887. 

Personally appeared Jeremiah Clark (president), Jacob Rogers, John Davis, Julian V. 
Keyes, Francis Carll and Alex. G. Cumnock, being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the affairs 
of the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer ; and that they believe said statement to be true. 

Before me, AVm. F. Hills, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



325 



MEDFORD SAYINGS BANK — MEDFORD. 

Incorporated 1869. Number of corporators, 77. 



Dan'l W. Lawrence, President. 



Chas. B. Buss, Treasurer. 



J. Gilman Waite, Clerk. 



Names of committee charged with the investment of its funds : 

Dan'l W. Lawrence, Francis E. Foster, 

Dan'l A. Gleason, Chas. M. Barrett. 

Benj. F. Hayes, 

Open for business Tuesday and Saturday, 3 to 9 p.m. 
Statement. 



Assets. 


LlABILITIE 


s. 


Public funds as per Schedule A, 


$107,825 50 


Deposits, . 


$608,659 89 


Bank stock as per Schedule B, . 


31,650 00 


Earnings undivided, 


14,527 15 


Railroad bonds, .... 


46,551 50 


Guaranty fund, 


13,150 00 


Real estate (for banking pur- 




Profit and loss acc't, 


7,074 80 


poses), 


13,800 00 






Loans on real estate, . 


275,980 59 






Loans on personal security, 


114,250 00 






Loans to counties, cities or towns 








(notes), 


42,000 00 






Deposit in bank, on interest, 


10,053 12 






Cash on hand, .... 


1,301 13 








$643,411 84 


$643,411 84 



Invested in real estate (for banking purposes), $13,800 00 

Estimated value of the same, 13,800 00 

Assessed value of the same, 13,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 355 85 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 177 

Aggregate amount of the same, 209,140 00 

Cash on Deposit in Bank : — 
National Exchange Bank, Boston $10,053 12 

"Whole amount of interest or profits, received or earned during year ending 

Oct. 31, 1S87, $29,480 25 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 10,418 67 
ending Oct. 31, 1887, . . . . . . . . \ 2 per cent., 1 10,913 34 

Times for the dividends fixed by the by-laws : first Saturday in May and 
November. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 5 1-6. 

Date of the last extra dividend : May, 1882. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 2,287 $142,564 00 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 105 67,250 00 



326 



BANK COMMISSIOXEES' REPORT. 



[Jan. 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,220 $111,755 19 

Number of accounts opened during the year ending Oct. 31, 1887, . 314 
Number of accounts closed during the year ending Oct. 31, 18S7, . 198 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,371 82 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner : July 8. 

Total amount oj Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Eate. 


Amount. 


Eate. 


§10,053 12 
26,000 00 
20,000 00 
33,500 00 


1 
2^ per cent. 
4 
41 

4A " 


816,000 00 

110,500 00 

6,000 00 

19,600 00 


4| per cent. 
5 " 


8169,980 59 
16.700 00 
13,950 00 


6 per cent. 
6* •< 

7 



Classification oj Depositors" Accounts. 



Whole number 

Of 850 or less 

Exceeding $50 and not more than 8100, 

Exceeding 8100 and not more than 8200, 

Exceeding 8200 and not more than 8500, 

Exceeding 85;0 and less than 81,000, . 

Of ai.OOCTor more, . . . ' . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 



Number. 



2,130 
773 
275 
301 
332 
229 
220 
884 
8 
27 
464 



Amount. 



§12,773 69 

18,762 18 

40,966 00 

106,370 93 

163,264 22 

266,522 87 

239,698 06 

5,898 10 

20,838 22 

109,860 76 



Schedule A — Detailed Statement oj Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Bidcleford, Me., 4s, 




$14,500 


§14.500 00 


§14,500 00 


of Lynn, Mass., 5s, . 




5,000 


5.450 00 


5,000 00 


of Fall River, Mass., 6s, 




3.000 


3.900 00 


3,900 00 


Town of Melrose, Mass., 7s, 




5.000 


5,612 00 


5,000 00 


of Natick, Mass., 4s, 




5,000 


5,000 00 


5,000 00 


of Medford. Mass., 6s, 




12.000 


12.600 00 


12.504 00 


of TVelleslev, Mass., 4s, 




15.000 


15.975 00 


15.975 00 


of Hartland. Me., 4is, 




12,000 


I 18,000 00 


12,000 00* 


of Hartland, Me., 4is, 




6,000 


6.000 00f 


District of Columbia 6s, . 




26,000 


27,790 00 


27,946 50 






$103,500 


$108,827 00 


8107,825 50 



* A legal investment when made. 



t Xot a legal investment, and will be sold. 



1888.] PUBLIC DOCUMENT — No. 8. 

Schedule B — Detailed Statement of Bank Stocks. 



327 



O a> 
6 % 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


12 
15 
33 
4 
10 
15 
20 

25 
10 
20 
10 
25 
20 
20 
25 
15 
25 


Natl B'k of Commerce, Boston, 
Hamilton Natl Bank, Boston, 
Blackstone Natl Bank, Boston, 
Natl Revere Bank, Boston, 
Natl Eagle Bank, Boston, 
Nl B'k of the Republic, Boston, 
Natl Bank of the Common- 
wealth, Boston, 
Monument Natl Bank, Boston, 
Market Natl Bank, Boston, . 
Nl Hide & Leather B'k, Boston, 
Natl Webster Bank, Boston, . 
Boston Natl Bank, Boston, 
North Natl Bank, Boston, 
Merchandise Nl Bank, Boston. 
Suffolk Natl Bank, Boston, .' 
Continental Nl Bank, Boston, 
Central Natl Bank, Lynn, 


$1,200 
1,500 
3,300 
400 
1,000 
1,500 

2,000 
2,500 
1,000 
2,000 
1,000 
2,500 
2,000 
2,000 
2,500 
1.500 
2,500 


$1,560 00 
1,838 00 
3,581 00 
500 00 
1,000 00 
2,100 00 

2,740 00 
5,350 00 
917 00 
2,290 00 
1,027 00 
2,975 00 
2,620 00 
2,000 00 
2,862 00 
1.777 00 
3,625 00 


$1,200 00 
1,500 00 
3,300 00 
400 00 
1,000 00 
1,500 00 

2,000 00 
3,750 00 
1,000 00 
2,000 00 
1,000 00 
2,500 00 
2,000 00 
2,000 00 
2,500 00 
1,500 00 
2,500 00 




$30,400 


$38,762 00 


$31,650 00 



Railroad Bonds. 



• 


Estimated 
Par Value. 

Market Value. 


Amount Invested. 


Boston & Albany R.R. 6s, 

Conn. & Passumpsic Rivers R.R. 7s, 

Fitchburg R.R. 4s, . 

Fitchburg R.R. 4^s, .... 


$5,000 

5,000 

10,000 

25,000 


$5,775 00 

5,675 00 

10,000 00 

25,000 00 


$5,775 00 
5,776 50* 
10,000 00 
25,000 00 




$45,000 


$46,450 00 


$46,551 50 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 4, 1887. 
Personally appeared Chas. B. Buss, Treasurer of the Medford Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, B. F. Ha.yes, Justice of the Peace. 

Middlesex, ss., Nov. 4, 1887. 
Personally appeared Dan'l TV. Lawrence, Jas. P. Richardson, B. C. Leonard, R. B. Law- 
rence and J. Gilraan Waite, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, B. F. Hayes, Justice of the Peace. 



* This was a legal investment when made. 



328 



BANK COMMISSIONERS' EEPORT. 



[Jan. 



MEDWAY SAVINGS BANK — MED WAY. 

Incorporated Feb. 20, 1871. Number of corporators, 48. 



Milton M. Fisher, President. 



Frederick L. Fisher, Treasurer^ 



Frederick L. Fisher, Clerk. 

Names of committee charged with the investment of its funds : 
Milton M. Fisher, C. S. Philbrick, 

S. W. Richardson, Sumner Robbins, 

Wm. A. McKean, Wales Kimball. 

A. M. B. Fuller, 

Open for business every business day, 9 a.m. to 12 m., and 2 to 5 p.m. 

Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 


$33,878 84 


Deposits, . 


$199,462 54 


Loans on bank stock, . 


1,800 00 


Earnings undivided, 


4,468 75 


Railroad bonds, .... 


13,750 00 


Guaranty fund, 


8,139 10 


Real estate by foreclosure, 


8,879 92 






Loans on real estate, . 


65,284 00 






Loans on personal security, 


32,939 74 






Loans to counties, cities or towns 








(notes), 


14,500 00 






Deposits in banks, on interest, . 


3,286 15 






Expense account, 


580 09 




• 


Assessment on stock of Central 








National Bank,, 


5,018 75 






Cash on hand, .... 


2,152 90 








$212,070 39 


$212,070 39 



Loans on Bank Stock, amount on each : — 

On 5 shares Dedham National Bank, Dedham, $300 00 

On 10 shares Appleton National Bank, Lowell, 1,000 00 

On 5 shares Eliot National Bank, Boston, 500 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $8,879 92 

Assessed value of the same, 8,310 00 

Net income received from same during year ending Oct. 31, 1887, . . 137 89 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 180 

Aggregate amount of the same, 110,233 74 

Amount of investments from which no income is received, .... 5,01875 

Cash on Deposit in Banks, amount in each : — 

Howard National Bank, Boston, . % $1,340 17 

Central National Bank, Boston, 1,945 98 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 811.406 84 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 3,503 82 

ending Oct. 31, 1887 I 2 per cent., 1 3,574 16 



1888.] 



PUBLIC DOCUMENT — No. 8. 



329 



Times for the dividends fixed by the by-laws : June and December. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 4 9-10. 

Date of the last extra dividend : 1880. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 889 $111,085 51 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 77 64,459 11 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887, 855 105,092 58 

Number of accounts opened during the year ending Oct. 31, 1887, . 138 

Number of accounts closed during the year ending Oct. 31, 1887, . 119 

Amountof expenses of the corporation during the year ending Oct. 31, 1887, 1,190 10 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: March 22. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$3,286 15 
14,500 00 


2 per cent. 
4 " 


$18,600 00 
3,000 00 


5 per cent. 


$107,423 74 
1,000 00 


6 per cent. 

7 



Classification of Depositors' Accounts. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




Amount. 



$5,151 55 

7,699 29 

19,352 05 

49,861 30 

55,458 79 

61,939 56 

84,384 89 

3,860 84 

2,540 78 

21,176 44 



Detailed Statement of Bank Stocks. 



O CD 

. «- 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


60 
20 
30 
17 
32 
50 
10 
20 


Central Natl Bank, Boston, . 
Dedham Nat'l Bank, Dedham, 
First Ward Nat'l Bank, Boston, 
Franklin Nat'l Bank, Franklin, 
Holliston W\ Bank, Holliston, 
Manufacturers' W\ B'k, Boston, 
Market Nat'l Bank, Boston, . 
Merchandise W\ Bank, Boston, 


$6,000 
2,000 
3,000 
1,700 
3,200 
5,000 
1,000 
2,000 


$7,800 00 
2,280 00 
3,900 00 
1,900 00 
3,680 00 
4,725 00 
915 00 
2,000 00 


$5,500 00 
2,404 00 
3,075 00 
1,972 00 
3,862 50 
5,100 00 
1,030 00 
2,062 50 



330 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Detailed Statement of Bank Stocks — Concluded. 



O o 

6 a 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


15 
20 
20 

20 

3 


Mt. Vernon Nat'l Bank, Boston, 
Natl Revere Bank, Boston, 
Shawmut Natl Bank, Boston, 
So. Framingham Ntitl Bank, 

So. Framingham, . 
Natl Bank of Wrentham, 


$1,500 
2,000 
2,000 

2,000 
210 


$2,062 50 
2.500 00 
2,500 00 

1,960 00 
240 00 


$1,623 75 
2,543 56 
2,395 53 

2,000 00 
310 00 




$31,610 


$36,462 50 


$33,878 84 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 
Fitchburg R.R. 6s, . 
Leeds and Farmington R.R. 6s, 
Maine Central R.R. 6s, . 
Newport & Richford R.R. 5s, . 
Old Colony R.R. 6s, . 


$2,000 
2,000 
2,000 
2,000 
2,000 
2,000 


$2,265 00 
2.230 00 
2,240 00 
2,330 00 
2,155 00 
2,275 00 


$2,255 00 
2,270 00 
2,265 00 
2,410 00 
2,280 00* 
2,270 00 




$12,000 


$13,495 00 


$13,750 00 



commonwealth of massachusetts. 

Norfolk, ss., Nov. 8, 1887. 
Personally appeared Frederick L. Fisher, Treasurer of the Med way Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Henry E. Mason, Justice of the Peace. 

Norfolk, ss., Nov. 8, 1887. 
Personally appeared A. M. B. Fuller and Wales Kimball, being two of the trustees 
of said corporation, and severally made oath that they have made an examination of 
the affairs of the bank ; that the books and records of said institution indicate the 
6tate of affairs as above attested by their treasurer; and that they believe said state- 
ment to be true. Before me, O. A. Mason, Justice of the Peace. 

Norfolk, ss., Nov. 8, 1887. 
Personally appeared M. M. Fisher, Wm. A. McKean and J. B. Hopkins, being three 
of the trustees of said corporation, and severally made oath that they have made an 
examination of the affairs of the bank; that the books and records of said institution 
indicate the state of affairs as above attested by their treasurer ; and that they believe 
said statement to be true. 

Before me, Henry E. Mason, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



331 



MELROSE SAVINGS BANK — MELROSE. 

Incorporated 1872. Number of corporators, 22. 

Daniel Russell, President. E. H. Goss, Treasurer. 

John Larrabee, Clerk. 

Names of committee charged with the investment of its funds : 
George Newhall, Seth E. Benson. 

Daniel Norton, 

Open for business Wednesday and Saturday, 3.30 to 6 p.m., also Saturday evening, 

7 to 8. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Loan on public funds, 
Bank stock as per Schedule B, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Expense account, 
Cash on hand, 



$52,600 00 
2,000 00 
7,200 00 

176,834 00 
2,300 00 

6,000 00 

27,037 53 

454 63 

443 08 



$274,869 24 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$263,221 00 
8,087 87 
3,560 37 



$274,869 24 



Loan on Public Funds : — 
On $3,000 City of Toledo, Ohio, bonds, * $2,000 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 132 

Aggregate amount of the same, $142,684 00 

Cash on Deposit in Bank : — 
Everett National Bank, Boston, f $27,037 53 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $13,274 10 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 4,482 68 

ending Oct. 31, 1887, J 2 per cent., 1 4,609 38 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 2,345 $106,142 77 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 70 37,769 69 

* $2,000 City of Boston and $1,000 City of Chelsea bonds have been substituted for these 
bonds. 

t This amount has been reduced to 5 per cent, of the deposits, the legal limit. 



332 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,225 

Number of accounts opened during the year ending Oct. 31, 1887, . 356 
Number of accounts closed during the year ending Oct. 31, 1887, . 201 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: December 14. 



$100,737 60 



1,305 77 
10,000 00 



Total amount of Loans- with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$27,037 53 


2 per cent. 


$9,300 00 


5 per cent. 


$171,834 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Whole number, .... 

Of $50 or less 

Exceeding $50 and not more than 
Exceeding $100 and not more than 
Exceeding $200 and not more than 
Exceeding $500 and less than $1,000, 

Of $1,000 or more, 

To the credit of women, both adult and minor, . 

To the credit of guardians, 

To the credit of religious and charitable associations, 
In trust, 




Amount. 



$12,803 13 
13,987 73 
23,057 20 
60,212 28 
80,702 35 
72,458 31 

118,818 65 

877 63 

2,655 96 

30,530 01 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Boston, Mass., 4s, 
of Columbus, Ohio, 4s, 

Town of Melrose, Mass., 4s, . 

City of Brockton, Mass., 5s, 
of Portsmouth, N. H., 6s, 
of Dover, N. H., 6s, 
of Portland, Me., 6s, 


$7,000 
5,000 

23,000 
8,000 
1,000 
3,000 
5,000 


$7,100 00 
5,000 00 

23,000 00 
9,200 00 
1,080 00 
3,240 00 
6,050 00 


$7,000 00 
5,000 00 

23,600 00 
8,000 00 
1,000 00* 
3,000 00 
5,000 00* 




$52,000 


$54,670 00 


$52,600 00 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



333 



Schedule B — Detailed Statement of Bank Stocks. 



O 4) 

. s- 
O PS 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


27 
45 


Everett Natl Bank, Boston, . 
Freeman's Nat'l Bank, Boston, 


$2,700 
4,500 


$2,619 00 
4,230 00 


$2,700 00 
4,500 00 




$7,200 


$6,849 00 


$7,200 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 11, 1887. 
Personally appeared E. H. Goss, Treasurer of the Melrose Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference 
to the matters to which they relate, according to his best knowledge and belief. 

Before me, John Larrabee, Justice of the Peace. 



Middlesex, ss., Nov. 15, 1887. 
Personally appeared Daniel Norton, W. Irving Ellis, Moses S. Page, George Newhall, 
Samuel S. Bugbee and Daniel Russell, being five or more of the trustees of said cor- 
poration, and severally made oath that they have made an examination of the affairs 
of the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, John Larrabee, Justice of the Peace. 



334 



BAXK COMMISSIONERS 5 REPORT. 



[Jan, 



MERRBIAC SAYINGS BAXK — MERRDLAC. 

Incorporated 1871. Number of corporators, 36. 

Wm. H. Haskell, President. Daxiel J. Pooke, Treasurer. 

0. E. Little, Clerk. 

Names of committee charged with the investment of its funds: 

Wm. H. Haskell, Johx B. Jldkixs. 

Albekt Sargext, 

Open for business every business day, except Saturday, S.30 a.m. to 12 m. ; 1.30 to 3 p.m. 

Saturday, 8.30 a.m. to 12 m. 

Statement. 



ASSETS. 


Liabilities. 


Public funds as per Schedule A, 


820,000 00 


Deposits, . 


8385,661 23 


Bank stock as per Schedule B, . 


7,0 00 


Earninss undivided, 


375 65 


Loan on hank stock, . 


3.800 00 


Guaranty fund. 


13,593 91 


Eailroad bonds, .... 


25.400 00 






Loans on real estate, . 


212,733 00 






Loans on personal seeuritv, 


109,046 12 






Loans to counties, cities or towns 








'notes), 


3,650 00 






Loans on depositors' books, 


1,050 00 






Deposit in bank, on interest, 


15,000 00 






Deposit in hank, not on interest, 


1,951 67 








£399,630 79 


8399,630 79 



Loan on Bank Stock : — 
On 38 shares First National Bank, vlerrimac, $3,800 00 

Number of outstanding loans which are of an amount not exceeding 

83,000 each, 197 

Aggregate amount of the same. $148,594 94- 

Cash on Deposit in Banks, amount in each : — 

First National Bank, Merrimac, §1,951 67 

Powow Paver National Bank, Amesbury, 15,000 00 






Whole amount of interest or profits received or earned during year ending 

Oct. 31. 1887, 821,158 01 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 7,310 30 

ending Oct. 31, 1887, i fy per cent,! 9,175 62 

Times for the dividends fixed by the by-laws: third Wednesday in April 

and October. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend: 5£. 
Date of the last extra dividend : May 15, 1879. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 750 $60,444 13 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, ...... 49 17,5S2 51 






1888.] 



PUBLIC DOCUMENT — No. 8. 



335 



Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 517 

Number of accounts opened during the year ending Oct. 31, 1887, . 188 
Number of accounts closed during the year ending Oct. 31, 1887, . 106 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : October 14. 



§65,559 07 



1,544 27 
10,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 




Classification of Depositors' Accounts. 



Number. 



Amount. 



"Whole number, 

Of $50 or less, 

Exceeding 850 and not more than §100, 
Exceeding $100 and not more than §200, 
Exceeding §200 and not more than §500, 
Exceeding 6500 and less than §1,000, . 

Of §1,0U0 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, . . 
To the credit of religious and charitable associat 
In trust, 



ons, 



1,202 

423 

120 

140 

205 

180 

134 

541 

10 

26 

24 



$6,772 07 

8.385 60 

19,264 27 

63,558 28 

121,586 79 

166 094 22 

166,911 86 

5,061 70 

10.644 86 

13,003 25 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Dayton, Ohio, 4s, 

Town of Marlborough, Mass., 4s, . 


$8,000 ] $8,400 00 
12,000 ; 12,480 00 


$8,000 00 
12,000 00 




$20,000 $20,880 00 '■ $20,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



No. of 
Sliares. 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


70 First Xat'l Bank, Merriniac, . 


17,000 


$9,100 00 $7,000 00 



336 BANK COMMISSIONERS' REPORT. [Jan. 

Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitchburg R.R. 4s, . 

West Amesbury Branch R.R. 7s, 


$15,000 
10,400 


$15,937 50 
11,440 00 


$15,000 00 
10,400 00 




$25,400 


$27,377 50 


$25,400 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 18, 1887. 
Personally appeared Daniel J. Poore, Treasurer of the Merriraac Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Thomas H. Hoyt, Justice of the Peace. 

Essex, ss., Nov. 18, 1887. 
Personally appeared William H. Haskell, James D. Pike, Isaac B. Little, George G. 
Larkin and Albert Sargent, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Thomas H. Hoyt, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



337 



MERRIMACK RIVER SAVINGS BANK — LOWELL. 

Incorporated 1871. Number of corporators, 39. 



J. G. Peabody, President. 



N. G. Lamson, Clerk. 



N. G. Lamson, Treasurer. 



Names of committee charged with the investment of its funds : 
J. G. Peabody, C. F. "Varntjm, 

Francis Jewett, R. G. Bartlett, 

H. C. Howe, C. E. Adams. 

Open for business Monday, Tuesday, Thursday and Friday, 9 a.m. to 12 m., 2 to 4 p.m. 
Saturday, 9 a.m. to 12 m., 7 to 9 p.m. 

Statement. 



Assets. 



Bank stock as per Schedule, 
Loans on bank stock, . 
Railroad bonds, . 
Real est»te by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Cash on hand, 



$57,891 50 

5,925 00 

11,000 00 

1.8U0 00 

409,'239 22 

218,250 00 

3,000 00 
5,562 25 
1,235 50 



$713,903 57 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



,522 88 
25,437 64 
7,943 05 



$713,903 57 



Loans on Bank Stock, amount on each : — 

On 28 shares First National Bank, Francestown, N. H., . . . . $2,500 00 

On 13 shares Wamesit National Bank, Lowell, 500 00 

On 14 shares Wamesit National Bank, Lowell, 925 00 

On 20 shares Wamesit National Bank, Lowell, 2,000 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $1,800 00 

Assessed value of the same, . 2,100 00 

Net income received from same during year ending Oct. 31, 1887, . . 200 58 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 118 

Aggregate amount of the same, 180,320 00 

Cash on Deposit in Bank : — 
Wamesit National Bank, Lowell, $5,562 35 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 $33,956 98 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 12,095 31 
ending Oct. 31, 1887, } 2 per cent., i 12,898 46 

Times for the dividends fixed by the by-laws : first Saturday in May and 
November. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend: 5 15-100. 

Date of the last extra dividend : May, 1885. 



338 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,403 $154,741 93 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 149 92,477 46 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887 745 107,079 45 

Number of accounts opened during the year ending Oct. 31, 1887, . 305 
Number of accounts closed during the year ending Oct. 31, 1887, . 178 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,228 65 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner : September 9. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$5,562 35 

32,000 00 

214,095 00 


2 per cent. 

4| 

5 


$15,000 00 
130,389 22 


5rj per cent. ! 


$236,890 00 
8,040 00 


6 per cent. 

7 " 



Classification of Depositors' Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding §50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding §500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$6,796 20 
9,277 16 

26,335 00 

92,862 05 

190,443 47 

354,809 00 

233,369 00 

3,661 87 

14,766 97 
129,376 00 



Detailed Statement of Dank Stocks. 



° 2 

o g ! Par Value. 


Estimated 
Market Value. 


Amount Invested. 


40 
10 
25 
50 
20 
23 
20 
9 
34 


Atlas XatT Bank, Boston, 
Atlantic Nat'l Bank, Boston, . 
Blackstone Xat'l Bank, Boston, 
Boston Xat'l Bank, Boston, 
Eliot Nat'l Bank, Boston, 
Fourth Xat'l Bank, Boston, 
Globe Nat'l Bank, Boston, 
Hamilton Nat'l Bank, Boston, . 
N'l Hide & Leather B'k, Boston, 


1 

$4,000 
1,000 
2,500 
5,000 
2,000 
2,300 
2,000 
900 
3,400 


$4,620 00 
1,360 00 
2,644 00 
5,950 00 
2,580 00 
2,576 00 
1,840 00 
1,125 00 
3,893 00 


$4,000 00 
1,000 00 
2,500 00 
5,000 00 
2,405 00 
2,300 00 
2,000 00 
900 00 
3,400 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



339 



Detailed Statement of Bank Stocks — Concluded. 



o <x> 






Estimated 








Par Value. 




Amount Invested. 


fc cc 






Market Value. 




20 Howard Natl Bank, Boston, . 


$2,000 


$2,140 00 


$2,000 00 


24 


Metropolitan Nl Bank, Boston, 


2,400 


2,724 00 


2,400 00 


9 


North Natl Bank, Boston, 


900 


1,193 00 


900 00 


3 


Nl B'k of No. America, Boston, 


300 


308 00 


300 00 


10 


Old Boston Natl Bank, Boston, 


500 


567 00 


500 00 


64 


Nl B'k of Redemption, Boston, 


6,400 


8,160 00 


7,461 50 


15 


Suffolk Natl B.ank, Boston, . 


1,500 


1,718 00 


1,500 00 


45 


Tremont Natl Bank, Boston, . 


4,500 


4,545 00 


4,500 00 


10 


Natl Webster Bank, Boston, . 


1,000 


1,017 00 


1,000 00 


100 


Wamesit Natl Bank, Lowell, . 


10,000 


14,000 00 


13,825 00 




$52,600 


$62,960 00 


$57,891 50 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Lowell & Andover R.R. 6s, 
Nashua & Lowell R.R. 6s, 


$10,000 
1,000 


$12,000 00 
1,100 00 


$10,000 00 
1,000 00 




$11,000 


$13,100 00 


$11,000 00 



Commonwealth of Massachusetts. 
Middlesex, ss. Lowell, Nov. 15, 1887. 

Personally appeared N. G. Lamson, Treasurer of the Merrimack River Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief. 

Before me, G. Winfield Knowlton, Justice of the Peace. 



Middlesex, ss., Nov. 16, 1887. 
Personally appeared J. G. Peabody, Henry C. Howe, Francis Jewett, Samuel Horn 
and Benj. F. Sargent, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank ; 
that the books and records of said institution indicate the state of affairs as above attested 
by their treasurer ; and that they believe said statement to be true. 

Before me, G. Winfield Knowlton, Justice of the Peace. 



340 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MLDDLEBOROUGH SAYINGS BANK — MIDDLEBOROUGH. 

Incorporated March 15, 1873. Number of corporators, 36. 

Everett Robinson, President. Andrew M. Wood, Treasurer. 

Andrew M. Wood, Clerk. 

Names of committee charged with the investment of its funds : 
Everett Robinson, Geo. Bratton, 

Jas. H. Harlow, Abner L. Westgate, 

Andrew L. Tinkham, 

Open for business every business day, 9 a.m. to 12 m., 2 to 4 p.m., also Saturday, 

7 to 8 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$5,000 00 


Deposits, . 


$590,224 94 


Bank stuck as per Schedule B, . 


12,300 00 


1 Earnings undivided, 


15,158 47 


Railroad bonds 


7,000 00 


; Guaranty fund, 


11,282 00 


Real estate by foreclosure, 


8,200 00 


Interest paid in ad- 




Loans on real estate, . 


347,396 66 


vance, . 


3,434 63 


Loans on personal security, 


103,846 84 






Loans to counties, cities or towns 








(notes), 


62,600 00 






Deposits in banks, on interest, . 


68,507 48 






Expense account, 


42 15 






Cash on hand, .... 


5,206 91 








$620,100 04 


$620,100 04 



Value (by books) of real estate, held by foreclosure or otherwise, . . $8,200 00 

Assessed value of the same, 7,450 00 

Net income received from same during year ending Oct. 31, 1887, . . 125 08 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 462 

Aggregate amount of the same, 325,176 92 

Cash on Deposit in Banks, amount in each : — 

Home National Bank, Brockton, $15,000 00 

Plymouth National Bank, Plymouth, 10,000 00 

First National Bank, Merrimac, 20,000 00 

Brockton National Bank, Brockton, 20,000 00 

National Bank of the Commonwealth, Boston, 1,269 61 

Maverick National Bank, Boston, 2,237 87 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $29,238 40 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 11,111 94 
ending Oct. 31, 1887. J 2 percent..! 11,348 81 

Times for the dividends fixed by the by-laws : first Monday in April and 
October. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,417 $113,882 40 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 94 54,208 06 



1888.] 



PUBLIC DOCUMENT — No. 8. 



341 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,095 

Number of accounts opened during the year ending Oct. 31, 1887, . 308 
Number of accounts closed during the year ending Oct. 31, 1887, . 213 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: August 19. 



$120,738 84 



1,414 55 
15,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$3,507 48 
30,000 00 
40,000 00 


2£ per cent. 

QJL a 
<J2 

3| 


$35,000 00 
13,500 00 
60,066 58 


4 per cent. 
4£ " 
5 


$396,376 92 
2,700 00 
1,200 00 


6 per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, .... 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, . . . . . 

To the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 



$11,906 27 

15,451 84 

40,422 36 

128,480 17 

198,364 66 

195,599 64 

262,927 25 

6,922 56 

12,832 28 

42,358 55 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



City of Boston 4s, 



$5,000 



),100 00 



$5,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



Vt CO 

O <U 

. '" 
© 53 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


30 

50 
22 
21 


Nat'l Bank of Commerce, New 
Bedford, .... 
Nat'l Webster Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Suffolk Nat'l Bank, Boston, . 


$3,000 
5,000 
2,200 
2,100 


$3,600 00 
5,150 00 
2,200 00 
2,324 00 


$3,000 00 
5,000 00 
2,200 00 
2,100 00 




$12,300 


$13,274 00 


$12,300 00 



342 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R.R, 6s, . 
Old Colony R.R. 7s, . 


$6,000 $6,720 00 
1,000 1,150 00 


$6,000 00 
1,000 00 




$7,000 


$7,870 00 


$7,000 00 



Commonwealth of Massachusetts. 

Plymouth, ss., Nov. 9, 1887. 
Personally appeared Andrew M. Wood, Treasurer of the Middleborough Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Charles T. Thatcher, Justice of the Peace. 



Plymouth, ss., Nov. 9, 1887. 
Personally appeared Everett Robinson, James H. Harlow, George Brayton, Eugene 
P. Le Baron, Geo. E. Doane and Abner L. Westgate, being five or more of the trustees 
of said corporation, and severally made oath that they have made an examination of 
the affairs of the bank ; that the books and records of said institution indicate the state 
of affairs as above attested by their treasurer ; and that they believe said statement to be 
true. Before me, Charles T. Thatcher, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



343 



MIDDLESEX INSTITUTION FOR SAVINGS — CONCORD. 

Incorporated 1835. Number of corporators, 22. 

Geo. M. Brooks, President. Geo. Heywood, Treasurer. 

Horace Walcott, Clerk. 

Names of committee charged with the investment of its funds : 
Geo. M. Brooks, Sam'l Staples, 

John S. Keyes, Lorenzo Eaton. 

Open for business every business day, 9 a.m. to 2 p.m. 
Statement. 



Assets. 


Liabilities. 


Bank stock as per Schedule, 
Railroad bonds, .... 
Real estate by foreclosure, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities, or towns 

(notes), 

Deposit in bank, not on interest, 
Expense account, 


$274,300 00 

142,000 00 

24,000 00 

299,430 00 

305,000 00 

41,000 00 

*44,821 90 

874 90 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Profit and loss ac- 
count, 


$1,071,977 47 
29,443 12 
29,500 00 

506 21 




$1,131,426 80 


$1,131,426 80 



Value (by books) of real estate, held by foreclosure or otherwise, . . $24,000 00 

Assessed value of the same, 18,350 00 

Net income received from same during year ending Oct. 31, 1887, . . 150 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 129 

Aggregate amount of the same, 181,330 00 

Amount of investments from which no income is received, .... 21,00000 

Cash on Deposit in Bank : — 
Concord National Bank, Concord, $44,821 90 

Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887, $60,954 77 

Rate and amount of each semi-annual dividend for the year | 2 per cent., J 20,614 86 
ending Oct. 31, 1887, j 2£ per cent., t 25,754 60 

Times for the dividends fixed by the by-laws : June and December. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 4 76-100. 

Date of last extra dividend : June, 1882. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,878 $108,138 24 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 42 27,598 90 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887, 1,490 155,278 70 

Number of accounts opened during the year ending Oct. 31, 1887, . 396 

Number of accounts closed during the year ending Oct. 31, 1887, . 309 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 3,035 38 

Amount of treasurer's bond 10,000 00 

Date of examination by commissioner : August 4. 

* This amount has been reduced within the limit fixed by statute. 



344 BANK COMMISSIONERS' REPORT. [Jan. 

lotal amount of Loans with each specified Rate oj Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$13,000 00 
126,000 00 
105,450 00 


4 per cent. 

41 " 

^2 

5 


$89,200 00 
281,630 00 


5£ per cent. 
6 " 


$24,300 00 
5,850 00 


63- per cent. 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust 




$19,334 03 

28,851 68 

68,182 48 

208,933 77 

436,700 72 

309,974 79 

442,389 90 

17,093 27 

■ 6,204 87 

88,755 97 



Detailed Statement of Bank Stocks. 



Par Value. 



106 
133 

50 
100 

67 
113 

27 
150 
167 
100 

28 

21 

72 
200 

50 

56 
150 
100 

12 
225 

45 
100 
100 



Blackstone Natl Bank, Boston 
Boston Natl Bank, Boston, 
Central Natl Bank, Boston, 
Natl City Bank, Boston, 
Columbian Natl Bank, Boston 
Natl B'k of Commerce, Boston 
Continental Nl Bank, Boston, 
Natl Eagle Bank, Boston, 
Eliot Natl Bank, Boston, 
Faneuil Hall Nl Bank, Boston 
First Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
Nl Hide & Leather B'k, Boston 
Howard Natl Bank, Boston, 
Lincoln Natl Bank, Boston, 
Market Natl Bank, Boston, 
Merchants' Natl Bank, Boston 
Nl B'k of No. America, Boston 
Old Boston Natl Bank, Boston 
Natl "Revere Bank, Boston, 
Second Natl Bank, Boston, 
Shawmut Natl Bank, Boston, 
Shoe & Leather Nl Bl^Boston 



$10,600 

13,300 

5,000 

10,000 

6,700 

11,300 

2,700 

15,000 

16,700 

10,000 

2,800 

2,100 

7,200 

20,000 

5,000 

5,600 

15,000 

10,000 

600 

22,500 

4,500 

10,000 

10,000 



Estimated 
Market Value. 



Amount Invested. 



$11',236 00 

15,827 00 

6,500 00 

10,700 00 

8,442 00 

13,786 00 

3,186 00 

15,000 00 

21,376 00 

13,900 00 

6,188 00 

2,562 00 

8,208 00 

21,600 00 

5,500 00 

5,152 00 

21,000 00 

10,500 00 

672 00 

28,125 00 

6,705 00 

12,500 00 

10,100 00 



$10,600 

13,300 

5,000 

10,000 

6,700 

11,300 

2,700 

15,000 

16,700 

10,000 

2,800 

2,100 

7,200 

20,000 

5,000 

5,600 

15,000 

10,000 

600 

22,500 

4,500 

10,000 

10,000 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 






1888.] 



PUBLIC DOCUMENT — No. 8. 



345 



Detailed Statement of Bank Stocks — Concluded. 



o <o 






Estimated 




6 * 




Par Value. 




Amount Invested. 


fc s 






Market Value. 




138 


State Nat'l Bank, Boston, 


$13,800 


$16,008 00 


$13,800 00 


10 


Third Nat'l Bank, Boston, 


1,000 


1,000 00 


1,000 00 


50 


Traders 1 ISTat'l Bank, Boston, . 


5,000 


4,700 00 


5,000 00 


100 


Tremont Natl Bank, Boston, . 


10,000 


10,000 00 


10,000 00 


150 


Nat'l Webster Bank, Boston, . 


15,000 


15,450 00 


15,000 00 


100 


Concord Nat'l Bank, Concord, . 


10,000 


14,000 00 


10,000 00 


15 


First Nat'l Bank, Marlboro', . 


1,500 


1,500 00 


1,500 00 


5 


Framingham N'l Bank, Fram- 










ingham, .... 


500 


700 00 


500 00 


9 


Old Lowell Nat 1 ! Bank, Lowell, 


900 


1,080 00 


900 00 




$274,300 


$323,203 00 


$274,300 00 



Railroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Boston & Albany R.R. 7s, 
Eastern R.R. 6s, 



$100,000 
42,000 



$141,000 00 
52,500 00 



$100,000 00 
42,000 00* 



$142,000 



$163,500 00 



$142,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 29, 1887. 
Personally appeared George Heywood, Treasurer of the Middlesex Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Geo. E. Walcott, Justice of the Peace. 

Middlesex, ss., Nov. 29, 1887. 
Personally appeared Geo. M. Brooks, Henry J. Hosmer, John S. Keyes, Edward C. 
Damon, Lorenzo Eaton, Samuel Staples, Julius M. Smith and Nathan B. Stow, being 
five or more of the trustees of said corporation, and severally made oath that they 
have made an examination of the affairs of the bank ; that the books and records of 
said institution indicate the state of affairs as above attested by their treasurer; and 
that they believe said statement to be true. 

Before me, Geo. A. King, Notary Public. 



* This was a legal investment when made. 



346 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MILFORD SAVINGS BANK — MILFORD. 

Incorporated April 24, 1851. Number of corporators, 40. 



John P. Daniels, President. 



James E. Walker, Treasurer. 



James E. Walker, Clerk. 

Names of committee charged with the investment of its funds : 

John P. Daniels, C. F. Claflin. 

A. A. Taft, 

Open for business every business day except Saturday, 9 a.m. to 12 m., 1.30 to 3.30 p.m. 

Saturday, 9 a.m. to 12 m. 

Statement. 



Public funds as per Schedule A, 

Bank stock as per Schedule B, 

Loan on bank stock, . 

Railroad bonds, . 

Real estate (for banking pur- 
poses), .... 

Loans on real estate, . 

Loans on personal security, 

Loans to counties, cities or towns 
(notes), .... 

Deposits in banks, on interest, 

Deposit in bank, not on interest, 



5145,500 00 

169,878 99 

19,030 00 

25,000 00 

25,000 00 
416,054 72 
321,290 00 

31,000 00 

29,481 12 
9,750 55 



.,191,985 38 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$1,157,303 88 
11,182 69 
23,498 81 



$1,191,985 38 



Loan on Bank Stock : — 

On 248 shares Milford National Bank, Milford, $19,030 00 

Invested in real estate (for banking purposes), $25,000 00 

Estimated value of the same, 25,000 00 

Assessed value of the same, 23,000 00 

Net income received from same during year ending Oct. 31, 1887, . . 1,185 67 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 277 

Aggregate amount of the same, 242,174 72 

Amount of investments from which no income is received, .... 5,360 00 

Cash on Deposit in Banks, amount in each : — 

Manufacturers' National Bank, Boston, $1,102 33 

National Bank of Redemption, Boston, 10,378 79 

Milford National Bank, Milford, 27,750 55 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $52,229 49 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 20,844 26 

ending Oct. 31, 1887 I 2 per cent., 1 21,619 69 

Times for the dividends fixed by the by-laws : second Saturday in April 



1888.] 



PUBLIC DOCUMENT — No. 8. 



347 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,096 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 185 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,557 

Number of accounts opened during the year ending Oct. 31, 1887, . 749 
Number of accounts closed during the year ending Oct. 31, 1887, . . 540 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : January 26. 



280,686 31 
101,143 83 
245,178 47 



2,601 15 
10,000 00 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$29,481 12 

1,000 00 

129,700 00 

331,862 00 


3 per cent. 
4 

4£ « 

5 


$131,100 00 

29,500 00 

143,040 72 


5£ per cent. 
5| " 
6 


$7,567 00 

13,355 00 

250 00 


6J per cent. 

7 
8 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $2i 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . ' . 

Of $1,000 or more 

To the credit of women, both adult and minor, . 
To the credit of guardians, . . . . ■ . 
To the credit of religious and charitable associations, 
In trust, 



3,951 

1,202 

457 

607 

835 

537 

313 

2,147 

19 

34 

135 



$30,985 43 

27,777 14 

83,178 59 

267,594 66 

385,893 58 

361,874 48 

604,564 79 

8,829 26 

13,945 97 

53,446 68 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 4|s, .... 


$42,000 


$45,517 50 


$42,000 00 


United States 4s, ... 


16,500 


20,913 75 


16,500 00 


City of Dayton, Ohio, 4s, 


15,000 


15,000 00 


15,000 00 


Town of Weymouth, Mass., 4s, 


10,000 


10,400 00 


10,000 00 


City of Cleveland, Ohio, 4s, . 


14,000 


14,000 00 


14.000 00 


W*-- of Portland, Me., 6s, 


2,000 


2,400 00 


2,000 00* 


Town of Milford, Mass., 6s, . 


10,000 


11,700 00 


10,000 00 


of Milford, Mass., 5s, . 


36,000 


38,160 00 


36,000 00 




$145,500 


$158,091 25 


$145,500 00 



* This was a legal investment when made. 



348 



BANK COMMISSIONERS' EEPOET. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 



O cu 

6 _g 
fc so 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


27 

100 

248 
75 
10 
50 
23 
7 

150 

25 

5 

48 

40 

100 
42 
78 
25 

110 

30 

47 

7 

100 

2 

40 


Hopkinton Natl Bank, Hop- 

kinton, 

Home Natl Bank, Brockton, . 
Milford Natl Bank, Milford, . 
Home Natl Bank, Milford, 
Atlantic Natl Bank, Boston, . 
Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston, 
Boylston Natl Bank, Boston, . 
Central Natl Bank, Boston, . 
Continental Nl Bank, Boston, 
Natl Eagle Bank, Boston, 
Eliot Natl Bank, Boston, 
Freeman's Natl Bank, Boston, 
Nl Hide & Leather B'k, Boston, 
Howard Natl Bank, Boston, . 
North Natl Bank, Boston, 
Natl Exchange Bank, Boston, 
Nl B'k of Redemption, Boston, 
Natl Revere Bank, Boston, 
Natl Union Bank, Boston, 
Natl Webster Bank, Boston, . 
Shawmut Natl Bank, Boston, . 
Shoe & Leather Nl B'k, Boston, 
Washington Nl Bank, Boston, 


1 

$2,700 

10,000 

24,800 
7,500 
1,000 
5,000 
2,300 
700 

15,000 

2,500 

500 

4,800 

4,000 

10,000 
4,200 
7,800 
2,500 

11,000 

3,000 

4,700 

700 

10,000 

200 

4,000 


$2,970 00 

12,000 00 

34,224 00 
9,750 00 
1,335 00 
5,750 00 
2,435 13 
•913 50 

19,500 00 

2,975 00 

500 00 

6,192 00 

3,760 00 

11,450 00 
4,525 50 

10,218 00 
3,150 00 

13,997 50 

3,750 00 

6,803 25 

718 37 

12,525 00 

202 00 

4,960 00 


$2,700 00 

10,000 00 

26,500 00 
7,500 00 
1,530 00 
6,500 00 
2,300 00 
1,070 12 

23,000 00 

2,955 65 

588 75 

5,682 99 

5,360 00 

10,659 50 
4,496 00 

10,766 63 
3,581 25 

15,655 00 

3,000 00 

7,496 50 

700 00 

12,057 50 

274 50 

5,505 00 




$138,900 


$174,604 25 


$169,878 99 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitchburg R.R. 4s, . 
Boston & Albany R.R. 6s, 
Boston & Albany R.R. 7s, 


$15,000 
7,000 
3,000 


$15,000 00 
7,770 00 
3,300 00 


$15,000 00 
7,000 00 
3,000 00 




$25,000 1 $26,070 00 


$25,000 00 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 14, 1887 
Personally appeared James E. Walker, Treasurer of the Milford Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state 
ment of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Lewis Hayden, Justice of the Peace 






1888.] PUBLIC DOCUMENT — No. 8. 349 

Commonwealth of Massachusetts. 

"Worcester, ss., Nov. 14, 1887. 
Personally appeared John P. Daniels, A. A. Taft, C. F. Claflin, Augustus Wheeler 
and Joshua Sawyer, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and :hat they believe said statement to be true. 

Before me, Lewis Hayden, Justice of the Peace. 



350 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MILLBUKY SAVINGS BANK — MILLBURY. 

Incorporated 1854. Number of corporators, 45. 

Wm. R. Hill, President. David Atwood, Treasurer. 

Amos Armsby, Clerk. 

Names of committee charged with the investment of its funds : 

Wm. R. Hill, L. L. Whitney, 

Ira M. Goddard, Royal Thayer. 

Chas. D. Morse, 

Open for business every business day except Saturday, 9 a.m. to 3; P.M.Saturday, 

9 a.m. to 12 M. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$51,000 00 


Deposits, . 


$692,455 67 


Bank stock as per Schedule B, . 


140,200 00 


Earnings undivided, 


15,207 66 


Loans on bank stock, . 


12,000 00 


Guaranty fund, 


15,450 00 


Railroad bonds, .... 


62,000 00 


Suspense account, 


275 00 


Real estate (for banking pur- 








poses), 


18,000 00 






Real estate bv foreclosure, 


8,507 27 






Loans on real estate, . 


201,900 00 






Loans on personal security, 


106,000 00 






Loans to counties, cities or towns 








(notes), 


81,600 00 






Deposits in banks, on interest, . 


29,825 47 






Expense account, 


481 15 






Premiums, 


10,187 50 






Safe and furniture, 


800 00 






Cash on hand, .... 


886 94 








$723,388 33 


$723,3^8 33 



Loans on Bank Stock, amount on each : — 

On 25 shares Millbury National Bank, Millbury, . . . • . . . $2,000 00 

On 60 shares Spencer National Bank, Spencer, 5,000 00 

On 50 shares Leicester National Bank, Leicester, j 

On 20 shares Lincoln National Bank, Boston, } °' 000 °° 

Invested in real estate (for banking purposes), $18,000 00 

Estimated value of the same, 18,000 00 

Assessed value of the same, 11,620 00 

Net income received from same during year ending Oct. 31, 1887, . . 908 64 

Value (by books) of other real estate, held by foreclosure or otherwise, . 8,507 27 

Assessed value of the same, 12,305 00 

Net income received from same during year ending Oct. 31, 1887, . . 386 54 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 117 

Aggregate amount of the same 139,200 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



351 



Cash on Deposit in Banks, amount in each : — 

Millbury National Bank, Millbury, • . . $24,712 85 

First National Bank, Grafton, 5,112 62 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887, $35,418 07 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 12,868 54 

ending Oct. 31, 1887, J 2 per cent., 1 13,233 49 

Times for the dividends fixed by the by-laws : January and July. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,304 $93,700 60 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 72 37,670 55 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, . . .860 88,227 09 

Number of accounts opened during the year ending Oct. 31, 1887, . 251 
Number of accounts closed during the year ending Oct. 31, 1887, . 171 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,356 18 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : January 18. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Kate. 


$29,825 47 
42,500 00 
16,600 00 


3 per cent. 

4 
4| 


$11,000 00 
25,000 00 
45,300 00 


4£ per cent. 
4| " 
5 " 


$40,000 00 
221,100 00 


5£ per cent. 
6 



Classification of Depositors^ Accounts. 



Number. 



Amount. 



Whole number, .... 

Of$50orless, 

Exceeding $50 and not more than 
Exceeding $100 and not more than 
Exceeding $200 and not more than 
Exceeding $500 and less than $1,000, . BM 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$8,472 60 

12,225 77 

31,055 30 

92.675 82 

173,268 02 

374,758 16 

286,443 79 

5,773 25 

10,789 16 

31,786 75 



352 



BANK COMMISSIONED REPOET. [Jan. 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Columbus, Ohio, 4s, .. 


$10,000 


$9,900 00 


$10,000 00 


of South Norwalk, Ct., 6s, 


10,000 


11,100 00 


10,000 00 


of Lawrence, Mass., 6s, . 


3,000 


3,315 00 


3,000 00 


Town of Spencer, Mass., 4s, . 


15,000 


15,000 00 


15,000 00 


of Hopkinton, Mass., 4s, 


6,000 


6,000 00 


6,000 00 


of Clinton, Mass., 4s, 


4,000 


4,000 00 


4,000 00 


of Westborough, Mass., 5s, . 


3,000 


3,375 00 


3,000 00 




$51,000 


$52,690 00 


$51,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



50 
63 
49 

57 
100 

20 
100 
50 
42 
25 
25 
25 
23 
40 
15 
12 
50 

6 
35 
25 
74 
20 
50 
20 
58 
36 
27 

5 



Atlas Natl Bank, Boston, 
Blackstone Natl Bank, Boston 
Boston Natl Bank, Boston, 
Nl B'k of Commerce, Boston, 
Natl Bank of the Common- 
wealth, Boston, . 
Continental Nl Bank, Boston, 
Eliot Natl Bank, Boston, 
First Ward Natl Bank, Boston 
Globe Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
Manufacturers' Nl B^Boston 
Merchandise Nl Bank, Boston 
Merchants 1 Natl Bank,Boston 
North Natl Bank, Boston, 
Nl B'k of No. America, Boston 
Natl Eagle Bank, Boston, 
Nl Hide & Leather B'k, Boston 
Old Boston Natl Bank, Boston 
Second Natl Bank, Boston, 
Shawmut Natl Bank, Boston, 
Shoe & Leather NIB'kJBoston 
Suffolk Natl Bank, Boston, 
State Natl Bank, Boston, 
Third Nat'l Bank, Boston, 
Traders 1 Natl Bank, Boston, 
Central Natl Bank, Worcester 
City Natl Bank, Worcester, 
Citizens 1 Nl Bank, Worcester 



$5,000 
6,300 
4,900 
5,700 

10,000 
2,000 

10,000 
5,000 
4,200 
2,500 
2,500 
2,500 
2,300 
4,000 
1,500 
1,200 
5,000 
300 
3,500 
2,500 
7,400 
2,000 
5,000 
2,000 
5,800 
3,600 
2,700 
500 



$5,762 


50 


6,669 


81 


5,831 


00 


6,954 00 


13,700 


00 


2,380 00 


12,900 00 


6,500 


00 


3,764 00 


3,062 


50 


2,362 


50 


2,500 


00 


3,220 


00 


5,240 


00 


1,571 


25 


1,200 


00 


5,725 


00 


340 


50 


5,250 


00 


3,125 


00 


7,474 


00 


2,290 


00 


5,800 


00 


2,000 


00 


5,452 


00 


5,040 


00 


3,375 


00 


625 


00 



$5,000 00 

6,300 00 

4,900 00 

5,700 00 

10,000 00 

2,000 00 
10,000 00 

5,000 00 

4,200 00 

2,500 00 

2,500 00 

2,500 00 

2,300 00 

4,000 

1,500 

1,200 

5,000 
300 

3,500 

2,500 

7,400 

2,000 

5,000 

2,000 

5,800 

3,600 

2,700 
500 



00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



353 



Schedule B — Concluded. 



o 3 






Estimated 








Par Value. 




Amount Invested. 


* S 






Market Value. 




50 


Quinsigamond N'l Bank, Wor- 










cester, .... 


$5,000 


$5,750 00 


$5,000 00 


40 


First Nat'l Bank, Grafton, 


4,000 


4,800 00 


4,000 00 


25 


Oxford JSTat'l Bank, Oxford, 


2,500 


3,000 00 


2,500 00 


6 


Leicester Nat'l Bank, Leicester 


600 


690 00 


600 00 


168 


Millbury Nat'l Bank, Millbury 


16,800 


21,000 00 


16,800 00 


5 


Second W\ Bank, Norwich, Ct. 


500 


600 00 


500 00 


9 


Worcester. W\ B'k, Worcester 


900 


1,200 00 


900 00 




$140,200 


$167,154 06 


$140,200 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Nashua & Rochester R.R. 5s, . 
Vermont & Massachusetts R.R. 5s, . 
Providence & Worcester R.R. 6s, . 
Boston & Albany R.R. 6s, 
Boston & Lowell R.R. 7s, 
Conn. & Passumpsic Rivers R.R. 7s, 


$4,000 
10,000 
20,000 
6,000 
10,000 
12,000 


$4,200 00 
10,600 00 
22,400 00 
6,660 00 
11,000 00 
13,200 00 


$4,000 00 
10,000 00 
20,000 00 
6,000 00 
10,000 00 
12,000 00* 




$62,000 


$68,060 00 


$62,000 00 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 11, 1887. 
Personally appeared David Atwood, Treasurer of the Millbury Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Ira N. Goddard, Notary Public. 

Worcester, ss., Nov. 11, 1887. 
Personally appeared Wm. R. Hill, C. D. Morse, Royal Thayer, A. Armsby and 
L. L. Whitney, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer ; and that they believe said statement to be true. 

Before me, Ira N. Goddard, Notary Public. 



* This investment was legal when made. 



354 



BANK COMMISSIONERS' REPORT. 



[Jan. 



MIKEES' SAYDs T GS BANK— WEST STOCKBRIDGE. 

Incorporated 1872. Number of corporators, 31. 



Geo. ~W. Kniffin, President. 



W t m. C. Spatjlding, Treasurer. 



Wm. C. Spaitlding, Clerk. 

Names of committee charged with the investment of its funds : 
Chas. W. Kniffin, T. S. Heath, 

H. F. Thompson, W. C. Spatjlding. 

C. H. Fuarey, 

Open for business every business day, 9 a.m. to 12 m., and 1.30 to 3 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Bailroad bonds, .... 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, not on interest, 


$19,042 50 

7,425 50 

15,980 00 

45,470 00 

5,800 00 

1,223 27 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Premium account, . 


$91,856 26 

736 74 

1,670 00 

678 27 




$94,941 27 


$94,941 27 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 39 

Aggregate amount of the same, $24,070 00 

Amount of investments from which no income is received, .... 1,840 00 

Cash on Deposit in Bank : — 
Housatonic National Bank, Stockbridge $1,223 27 

"Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $3,575 81 

Rate and amount of each semi-annual dividend for the ) r ear ) 2 per cent., J 1,570 71 
ending Oct. 31, 1887,* j 2 per cent., 1 1,621 65 

Times for the dividends fixed by the by-laws : first Wednesday in January 
and July. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 4£. 

Date of the last extra dividend : January, 1887. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 250 $20,659 99 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 15 7,853 06 

Number and amount of withdrawals (including dividends) during 
the year ending Oct. 31, 1887, 174 13,646 06 

Number of accounts opened during the year ending Oct. 31, 1887, . 68 

Number of accounts closed during the year ending Oct. 31, 1887, . 33 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 679 56 

Amount of treasurer's bond, 5,000 00 

Date of examination by commissioner: October 13. 

* During the current year an extra dividend of $731.95 was paid. 



1888.] PUBLIC DOCUMENT — No. 8. 355 

Total amount of Loans with each specified Rate of Interest. 



Amount. 



Kate. 



$38,900 00 



5 per cent. 



Amount. 



Rate. 



$12,370 00 



6 per cent. 



Amount. 



Kate. 



Classification of Depositors' 1 Accounts. 



Whole number, .... 

Of $50 or less, . 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of* guardians, .... 
In trust, 




Amount. 



$1,821 70 
2,-524 29 
7.572 01 

20,708 Oo 

51,046 84 
8,183 37 

38,242 13 

2,600 00 

463 22 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, ... 
City of Providence, R. I., 5s, . 


$11,000 
6,000 


$13,860 00 
6,975 00 


$12,067 50 
6,975 00 




$17,000 


$20,835 00 


'$19,042 50 



Schedule B — Detailed Statement of Bank Stocks. 



O <D 

o ^ 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


14 

13 
15 
10 


Housatonic Natl Bank, Stock- 
bridge, 

Pittsfield Natl Bank, Pittsfield, 

Berkshire Nl B'k, No. Adams, 

Natl Mahaiwe Bank, Gt. Bar- 

rington, .... 


$1,400 
1,300 
1,500 

1,000 


$2,450 00 
2,080 00 
1,575 00 

1,457 50 


$2,100 00 
2,028 00 
1,840 00 

1,457 50 




$5,200 


$7,562 50 


$7,425 50 



356 



BANK COMMISSIONEKS' EEPORT. [Jan. 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Vermont & Massachusetts R.R. 5s, . 
Old Colony R.R. 7s, . 
Boston & Lowell R.R. 7s, 
Boston & Lowell R.R. 4s, 


$6,000 
2,000 
4,000 
2,000 


$6,476 00 
2,380 00 
4.530 00 
2,050 00 


$6,720 00 
2,490 00 
4,720 00 
2,050 00 




$14,000 


$15,436 00 


$15,980 00 



Commonwealth of Massachusetts. 

Berkshire, Nov. 16, 1887. 
Personally appeared ¥m. C. Spaulding, Treasurer of the Miners' Savings Bank, and 
made oath that the foregoing statement by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, W. M. Kniffin, Justice of the Peace. 

Berkshire, Nov. 16, 1887. 
Personally appeared Lawrence Moffatt, J. P. Carpenter, H. F. Thompson, V. R- 
Truesdell, T. S. Heath and Geo. W. Kniffin, being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the affairs 
of the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer ; and that they believe said statement to be true. 
Before me, "W. M. Kniffin, Justice of the Peace. 






1888.] 



PUBLIC DOCUMENT — No. 8. 



357 



MONSON SAVINGS BANK — MONSON. 

Incorporated 1872. Number of corporators, 25. 



R. S. Munn, President. 



E. F. Morris, Clerk. 



E. F. Morris, Treasurer. 



Names of committee charged with the investment of its funds : 

R. S. Munn, Alfred Norcross, 

C. W. Holmes, Jr., S. F. Cushman. 

Open for business every business day, 9 a.m. to 12 m., and 1 to 4 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$33,500 00 


Deposits, . 


$569,957 02 


Bank stock as per Schedule B, . 


36,900 00 


Earnings undivided, 


9,338 61 


Loans on bank stock, . 


10,380 00 


Guaranty fund, 


19,500 00 


Railroad bonds, .... 


7,609 90 


Real estate account, . 


1,884 45 


Loans on real estate, . 


351,170 00 






Loans on personal security, 


84,200 00 






Loans to counties, cities or towns 








(notes), 


15,000 00 






Deposits in banks, on interest, . 


58,763 42 






Expense account, 


29 50 






Cash on hand, .... 


• 3,127 26 








$600,680 08 


$600,680 08 



Loans on Bank Stock, amount on each : — 

)n 152 shares Monson National Bank, Monson, $9,280 00 

On 10 shares Third National Bank, Springfield, 1,000 00 

)n 1 share Southbridge National Bank, Southbridge, 100 00 

Tumber of outstanding loans which are of an amount not exceeding 

,000 each 183 

iggregate amount of the same, $230,775 00 

Cash on Deposit in Banks, amount in each : — 

?hird National Bank, Springfield, $15,000 00 

City National Bank, Springfield, 10,000 00 

Lgawam National Bank, Springfield, 10,000 00 

>pringfield Safe Deposit and Trust Company, Springfield, .... 13,763 42 

Lome National Bank, Holyoke, 10,000 00 

r hole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $32,157 58 

late and amount of each semi-annual dividend for the year j 2 per cent., f 10,636 56 
ending Oct. 31, 1887, J 2 percent.,! 10,818 00 

Mmes for the dividends fixed by the by-laws : first Monday in April and 
October. 



358 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 

Number and amount of deposits of and exceeding §300 at any one 

time during the year ending Oct. 31, 1887, 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 

Number of accounts opened during the year ending Oct. 31, 1887, 
Number of accounts closed during the year ending Oct. 31, 1887, 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination bv commissioner : March 7. 



,227 


§92,428 71 


45 


24,447 25 


797 


91,493 17 


279 




172 




387, 


2,092 05 


. 


10,000 00 



Total a?nount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


§48,763 42 
15,000 00 


4 per cent. 


§270,430 00 
13,500 00 

1 


5 per cent. 
&2 


§171,820 00 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of §50 or less, 

Exceeding 850 and not more than §100, 
Exceeding 8100 and not more than 8200, 
Exceeding 8200 and not more than §500, 
Exceeding 8500 and less than 81,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



1,536 

396 

170 

196 

329 

250 

195 

828 

5 

14 

14 



§7,457 44 

11,967 34 

27,171 84 

109,726 78 

177.357 68 

236,275 94 

310,715 37 

1,773 47 

5,722 01 

8,510 50 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



United States 4s, 

City of Worcester, Mass., 5s, 

Town of Westfield, Mass., 6s, 



§10,000 

1:5,000 

IO.0110 



§33,000 



£12.700 00 
14,950 00 
11,000 00 



$38,650 00 



§10,000 00 

13,950 00 
9.550 00 



§33,500 00 



1888.] PUBLIC DOCUMENT — No. 8. 359 

Schedule B — Detailed Statement of Bank Stocks. 



<n to 

© <u 

O jj 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


20 
20 
20 
15 
25 
25 
40 
10 
10 
10 
30 
25 
11 
5 
5 
2 

Q 
O 

20 

70 


North Nat'l Bank, Boston, 
Nat'l Eagle Bank, Boston, : 
N'l B'k of No. America, Boston, 
Blackstone Nat'l Bank, Boston, 
N'l B'k of Redemption, Boston, 
Eliot Nat'l Bank, Boston, 
Suffolk Nat'l Bank, Boston, . 
Tremont Nat'l Bank, Boston, . 
Nat'l Webster Bank, Boston, . 
N'l Hide & Leather B'k, Boston, 
Merchants' N'l Bank, Boston, . 
N'l B'k of Commerce, Boston, . 
Nat'l Revere Bank, Boston, 
Nat'l Exchange Bank, Boston, 
State Nat'l Bank, Boston, 
Massachusetts N'l B'k, Boston, 
Ware Nat'l Bank, Ware, 
City Nat'l Bank, Springfield, , 
Monson Nat'l Bank, Monson, . 


$2,000 

2,000 

2,000 

1,500 

2,500 

2,500 

4,000 

1,000 

1,000 

1,000 

3,000 

2,500 

1,100 

500 

500 

500 

300 

2,000 

7,000 


$2,620 00 

2,000 00 

2,050 00 

1,590 00 

2,550 00 

2,600 00 

4.590 00 

1,010 00 

1,025 00 

1,145 00 

4,260 00 

3,000 00 

1,320 00 

625 00 

580 00 

512 00 

369 00 

2,700 00 

9,800 00 


$2,000 00 

2,000 00 

2,000 00 

1,500 00 

2,500 00 

2,500 00 

4,000 00 

1,000 00 

1,000 00 

1,000 00 

3,000 00 

2,500 00 

1,100 00 

500 00 

500 00 

500 00 

300 00 

2,000 00 

7,000 00 




$36,900 


$44,346 00 


$36,900 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Eastern R.R. 6s, ... . 
Boston & Albany R.R. 7s, 


$5,000 
3,000 


$6,000 00 
3,330 00 


$4,144 65* 
3,465 25 




$8,000 


$9,330 00 


$7,609 90 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 14, 1887. 
Personally appeared E. F. Morris, Treasurer of the Monson Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, F. E. Morris, Justice of the Peace. 

Hampden, ss., Nov. 15, 1887. 
Personally appeared C. W. Holmes, Jr., S. F. Cushman, Alfred Norcross, R. M. 
Reynolds, C. H. McMaster and R. S. Munn, being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the affairs 
of the bank; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, F. E. Morris, Justice of the Peace. 



* This was a legal investment when made. 



360 



BAXK COMMISSIONERS' REPOET. 



[Jan. 



NAXTUCKET IXSTITUTIOX FOR SAVIXGS — XAXTUCKET. 

Incorporated 1834. Number of corporators, 41. 

Thaddeus C. Defriez, President. Matthew Barney, Treasurer. 

Alexander Macy, Clerk. 

Names of committee charged with the investment of its funds : 
Thaddei's C. Defriez, T. N. Calder. 

A. M. Myrick, A. A. Gardner, 

Geo. H. Brock, John A. Beebe. 

Open for business every business day, April 1 to November 1, 9 a.m. to 1 p.m.; 
November 1 to April 1, 10 a.m. to 1 p.m. 

Statement. 




Invested in real estate (for banking purposes), §3,740 00 

Estimated value of the same, . . . 5,000 00 

Assessed value of the same, 4,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 153 00 

Value (by books) of other real estate, held by foreclosure or otherwise, . 15,735 05 

Assessed value of the same, 20,690 00 

Net income received from same during year ending Oct. 31, 1887, . . 976 90 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 115 

Aggregate amount of the same, 106,250 50 

Amount of investments from which no income is received, .... 4,280 38 

Cash on Deposit in Banks, amount in each : — 

North National Bank, Boston $109 19 

Pacific National Bank, Nantucket, 60 48 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $19,259 93 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 6,583 52 

ending Oct. 31, 1887, J 2 per cent., 1 6,767 86 

Times for the dividends fixed by the by-laws : second Monday in January 
and July. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



361 



Number and amount of deposits (not including dividends) received 

during the year ending Oct, 31, 1887, 614 $53,798 15 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 49 25,597 14 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 870 69,693 16 

Number of accounts opened during the year ending Oct. 31, 1887, . 108 
Number of accounts closed during the year ending Oct. 31, 1887, . 122 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,872 01 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: July 7. 

Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. Kate. 


$109 19 

6,000 00 

76,800 00 


2£ per cent. 
5 " 


$58,700 00 
99,103 38 


5£ per cent 
6 


$16,872 50 
1,030 00 


6£ per cent 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 
Of $50 or less, .... 
Exceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$6,622 31 

8,705 81 

28,683 85 

72,787 69 

137,665 60 

85,436 51 

179,813 34 

6,719 72 

7,463 39 

12,885 98 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


District of Columbia 6s, . 


$10,000 


$11,400 00 


$10,000 00 


City of Detroit, Mich., 7s, 






2,000 


2,230 00 


2,000 00 


of Fall River, Mass., 6s, 






6,000 


7,176 00 


6,000 00 


of Haverhill, Mass., 5s, 






4,000 


4,160 00 


4,000 00 


of Cleveland, Ohio, 6s, 






1,000 


1,130 00 


1,000 00 


of Lawrence, Mass., 6s, 






1,000 


1,115 00 


1,000 00 


Town of Beverly, Mass., 4s, 






1,000 


1,020 00 


1,000 00 


City of Scranton, Penn., 6s, 






3,500 


3,850 00 


3,500 00 


of Milwaukee, Wis., 7s, 




8,000 


8,800 00 


8,000 00 








$36,500 


$40,881 00 


$36,500 00 



362 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Schedule B — Detailed Statement of Bank Stocks. 



© o 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


20 
20 
10 
10 
10 
10 
14 


North Natl Bank, Boston, 
Old Boston Natl Bank, Boston, 
Boylston Nat'l Bank, Boston, . 
Lincoln Natl Bank, Boston, . 
Continental Natl Bank, Boston, 
Columbian Natl Bank, Boston, 
Natl Bank of Commerce, New 
Bedford, .... 


$2,000 
1,000 
1,000 
1,000 
1,000 
1,000 

1,400 


$2,620 00 
1,060 00 
1,300 00 
1,100 00 
1,190 00 
1,270 00 

1,610 00 


$2,000 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 
1,000 00 

1,400 00 




$8,400 


$10,150 00 


$8,400 00 



Railroad Bonds. 





Far Value. 


Estimated 
Market Value. 


Amount Invested. 


Old Colony R,R. 6s, ... 


$5,000 


$5,680 00 


$5,000 00 


Old Colony R.R. 7s, ... 


1,000 


1,130 00 


1,000 00 


Comi. & Pas sump sic Rivers R.R. 7 s, 


1,000 


1,090 00 


1,000 00* 


Fitchburg R.R. 6s, . 


2,000 


2,190 00 


2,000 00 


Boston & Lowell R.R. 6s, 


4,000 


4,420 00 


4,000 00 


Boston & Lowell R.R. 5s, 


1,000 


1,050 00 


1,000 00 


Boston & Maine R.R. 7s, . 


4,500 


5,175 00 


4,500 00 


Boston, Winthrop & Shore R.R. 5s, . 


5,000 


5,500 00 


5,000 00 


Boston & Albany R.R. 6s, 


3,000 


3,360 00 


3,000 00 




$26,500 


$29,595 00 


$26,500 00 



Commonwealth of Massachusetts. 

Nantucket, ss., Nov. 11, 1887. 
Personally appeared Matthew Barney, Treasurer of the Nantucket Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the maters to which they relate, according to his best knowledge and belief. 
Before me, Andrew M. My kick, Justice of the Peace. 

Nantucket, ss., Nov. 11, 1887. 
Personally appeared Thaddeus C. Defriez, Timothy "W. Calder, Andrew M. Myrick, 
Alexander Macy and Josiah C. Brock, being five orjmore of the trustees of said corpora- 
tion, and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Samuel Swain, Justice of the Peace. 



■ This was a Legal Investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



363 



NATICK FIVE CENTS SAVINGS BANK — NATlCK. 

Incorporated April 5, 1859. Number of corporators, 45. 

John 0. Wilson, President. James Whitney, Treasurer. 

James Whitney, Clerk. 

Names of committee charged with the investment of its funds : 
Leonard Winch, Francis Bigelow, 



William Nutt, 
J. L. Woodman, 



F. H. Hayes, 
James Whitney. 



Open for business Tuesday, Thursday, and Saturday, 8 a.m. to 5 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


|66,000 00 


Deposits, . 


$927,429 43 


Loan on public funds, 


520 00 


Earnings undivided, 


25,713 09 


Bank stock as per Schedule B, . 


119,151 87 


Guaranty fund, 


29,050 63 


Loans on bank stock, . 


32,100 00 






Railroad bonds, .... 


39,000 00 






Real estate by foreclosure, 


6,000 00 






Loans on real estate, . 


478,909 62 






Loans on personal security, 


45,300 00 






Loans to counties, cities or towns 








(notes), 


78,500 00 






Deposits in banks, on interest, . 


88,500 00 






Deposit in bank, not on interest, 


19,056 54 






Expense account, 


1,033 81 






Furniture and fixtures, 


748 60 






Cash on hand, .... 


7,372 71 








$982,193 15 


$982,193 15 



Loan on Public Funds : — 
On $600 United States 4s, 



Loans on Bank Stock, amount on each : — 
On 43 shares Natick National Bank, Natick, 
On 6 shares Rollstone National Bank, Fitchburg, 
On 6 shares Second National Bank, Boston, 
On 50 shares National Bank of the Commonwealth, Boston, 
On 15 shares National Bank of Commerce, Boston, 
On 40 shares Natick National Bank, Natick, 
On 2 shares ISatick National Bank, Natick, .... 
On 50 shares Natick National Bank, Natick, 
On 10 shares South Framingham National Bank, South Framingham, 
On 100 shares Spencer National Bank, Spencer, . 
On 20 shares Natick National Bank, Natick, 

Value (by books) of real estate, held by foreclosure or otherwise, 

Assessed value of the same, 

Net income received from same during year ending Oct. 31, 1887, 



$520 00 



} $12,000 00 



4,000 00 

200 00 

5,000 00 

*900 00 

10,000 00 

$6,000 00 

5,950 00 

348 00 



* This loan has been reduced to $800. 



364 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 267 

Aggregate amount of the same, $423,474 62 

Amount of investments from which no income is received, . . . 14,500 00 

Cash on Deposit in Banks, amount in each : — 

Wachusett National Bank, Fitchburg, $35,000 00 

Maverick National Bank, Boston, 25,000 00 

Lancaster National Bank, Clinton, 4,500 00 

North National Bank, Boston 9,000 00 

Natick National Bank, Natick, 34,056 54 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $46,935 18 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., f 15,933 59 

ending Oct. 31, 1887, J 2 per cent., I 16,571 43 

Times for the dividends fixed by the by-laws : first Saturday in May and 

November. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,494 $238,846 76 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 154 79,55185 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 2,582 220,053 24 

Number of accounts opened during the year ending Oct. 31, 1887, . 725 
Number of accounts closed during the year ending Oct. 31, 1887, . 485 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2,037 52 

Amount of treasurer's bond, 30,000 00 

Date of examination by commissioner: January 21. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


i 
Rate. 


Amount. 


Rate. 


$24,000 00 

163,000 00 

24,000 00 

198,354 55 


3£ per cent. 
4 " 
4£ '< 
5 


$29,650 00 

13,500 00 

233,235 07 


5£ per cent. 

5| 

6 " 


$36,940 00 

150 00 

1,000 00 


6£ per cent. 

7 

7 3 K 

'10 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or loss, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $50() and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust 




$26,160 49 

33,108 02 

69,714 87 

214,401 99 

315.612 87 

268,401 19 

279,674 05 

5,889 75 

24,033 66 

97,092 67 



1888.] PUBLIC DOCUMENT — No. 8. 365 

Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, 


$10,000 


$12,700 00 


$10,000 00 


Citv of Boston, Mass., 4s, 


10,000 


10,100 00 


10,000 00 


of Worcester, Mass., 4^s, 


3,000 


3,150 00 


3,000 00 


of Fall River, Mass., 5s, . 


16,000 


17,280 00 


16,000 00 


Town of Brookline, Mass., 7s, 


10,000 


12,200 00 


10,000 00 


City of Cambridge, Mass., 6s, . 


4,000 


4,840 00 


4,000 00 


Town of Arlington, Mass., 4s, 


3,000 


3,000 00 


3,000 00 


of Beverly, Mass., 4s, . 


10,000 


10,000 00 


10,000 00 




$66,000 


$73,270 00 


$66,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O QJ 






Estimated 




O cS 




Par Value. 






Amount Invested. 


fc & 






Market Value. 




26 


Atlas Natl Bank, Boston, 


$2,600 


$3,003 00 


$3,180 00 


115 


Boston Natl Bank, Boston, 


11,500 


13,685 


00 


13,886 25 


7 


Boylston Natl Bank, Boston, 


700 


913 


50 


845 25 


27 


Central Natl Bank, Boston, 


2,700 


3,510 


00 


2,693 00 


13 


Columbian Natl Bank, Boston 


1,300 


1,657 


50 


1,855 75 


46 


Nl Bank of Commerce, Boston 


4,600 


5,623 


50 


5,684 50 


21 


Natl Bank of the Common- 












wealth, Boston, . 


2,100 


2,877 


00 


2,654 75 


5 


Continental Nl Bank, Boston, 


500 


598 


75 


581 25 


33 


Dedham Natl Bank, Dedham, 


3,300 


3,795 


00 


3,926 50 


19 


Eliot Natl Bank, Boston, 


1,900 


2,432 


00 


2,300 00 


70 


Everett Natl Bank, Boston, 


7,000 


6,860 


00 


8,210 00 


15 


Natl Exchange Bank, Boston 


1,500 


1,897 


50 


2,160 00 


32 


First Natl Bank, Chelsea, 


3,200 


4,000 


00 


3,976 00 


17 


Framingham Natl B'k, Fram- 












ingham, 


1,700 


2,380 


00 


2,430 00 


55 


Home Natl Bank, Brockton, 


5,500 


6,325 


00 


5,575 00 


62 


Howard Natl Bank, Boston, 


6,200 


6,820 


00 


7,779 37 


32 


Merchandise Nl Bank, Boston. 


3,200 


3,168 


00 


3,501 25 


46 


Merchants' Natl Bank, Boston 


4,600 


6,440 


00 


6,393 75 


6 


Metropolitan Nl Bank, Boston 


600 


681 


00 


620 00 


15 


Monument Natl Bank, Boston. 


1,500 


3,322 


50 


2,775 00 


120 


Natick Natl Bank, Natick, 


12,000 


16,800 


00 


16,500 00 


20 


Newton Natl Bank, Newton, 


2,000 


2,100 


00 


2,230 00 


4 


North Natl Bank, Boston, 


400 


524 


00 


516 00 


51 


Nl B'k of No. America, Boston. 


5,100 


5,342 


25 


5,826 50 


14 


Nl B'k of Redemption, Boston. 


1,400 


1,781 


50 


2,135 00 


30 


Nl B'k of the Republic, Boston. 


3,000 


4,226 


25 


3,825 00 


10 


Second Natl Bank, Boston, 


1,000 


1,500 


00 


1,560 00 


7 


State Natl Bank, Boston, 


700 


812 


00 


771 75 


4 


Traders' Natl Bank, Boston, . 


400 


377 


00 


400 00 


37 


Wachusett Nl B'k, Fitchburg. 


3,700 


7,585 


00 


4,360 00 




$95,900 


$121,037 25 


$119,151 87 



366 



BANK COMMISSIONERS' REPORT. [Jan. 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 


$5,000 


|5,500 00 


$5,000 00 


Boston & Lowell R.R. 4s, 


5,000 


4,900 00 


5,000 00 


Fitchbnrg R.R. 5s, . 


10,000 


10.200 U0 


10.000 00 


Old Colony R.R. 6s, ... 


4.000 


4,480 00 


4.000 00 


Vermont & Massachusetts R.R. 5s, . 


10.000 


10,600 00 


10,000 00 


Boston, Clinton, Fitckburg & Xew 








Bedford R.R. 5s, . 


5,000 


5,250 00 


5,000 00 




§39,000 


$40,930 00 


$39,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 25, 1887. 
Personally appeared James Whitney, Treasurer of the Natick Five Cents Savings 
Bank, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, "William Nctt, Justice of the Peace. 

Middlesex, ss., ISTov. 26, 1887. 
Personally appeared Leonard Winch, Edward Clark, John L. Woodman, Frederick 
M. Boardman and John O. Wilson, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, William Nutt, Justice of the Peace. 






1888.] 



PUBLIC DOCUMENT — No. 8. 



367 



NEW BEDFORD FIVE CENTS SAYINGS BANK — NEW BEDFORD. 

Incorporated May, 1855. Number of corporators, 104. 

Geo. Howl and, Jr., President. B. Ricketson, Jr., Treasurer. 

James Taylor, Clerk. 

Names of committee charged with the investment of its funds : 

Geo. Rowland, Jr., Wm. R. Wing, 

Fred'k S. Allen, L. Snow, 

Thomas Wilcox, Otis N. Peirce, 

Geo. R. Phillips, P. M. Lund. 

Open for business every business day, 9 a.m. to 1 p.m., and Saturday evening, 7 to 9. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$1,168,000 00 


Deposits, . 


$4,079,580 24 


Bank stock as per Schedule B, . 


185,200 00 


Earnings undivided, 


11,434 45 


Loans on bank stock, . 


1,950 00 


Guaranty fund, 


89,857 92 


Railroad bonds, .... 


344,000 00 


Interest account, 


17,412 90 


Loans on real estate, . 


1,075,005 15 






Loans on personal security, 


* 1,400,526 30 






Loans to counties, cities or towns 








(notes), . . 


3,786 71 






Deposits in banks, on interest, . 


15,916 81 






Expense account, 


731 44 






Cash on hand, .... 


3,169 10 








$4,198,285 51 


$4,198,285 51 



Loans on Bank Stock, amount on each : — 

On 3 shares Merchants' National Bank, New Bedford, .... $150 00 

On 26 shares Citizens' National Bank, New Bedford, 1,800 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 239 

Aggregate amount of the same, $195,452 36 

Cash on Deposit in Banks, amount in each : — 

Third National Bank, Springfield, $4,373 39 

International Trust Company, Boston, 963 87 

National Bank of Redemption, Boston, 1,717 54 

Mechanics' National Bank, New Bedford, 385 16 

Merchants' National Bank, New Bedford, 455 95 

Citizens' National Bank, New Bedford, 7,138 08 

First National Bank, New Bedford, 342 99 

National Bank of Commerce, New Bedford, 539 33 

* These loans have been reduced to the legal limit. 



368 



BAKU COMMISSIONERS' REPORT. 



[Jan. 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $203,148 54 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 75,340 39 

ending Oct. 31, 1S87, J 2 per cent., i 77,803 50 

Times for the dividends fixed by the by-laws : second Wednesday in April 

and October. 
Average annual per cent, of dividends for term ending at time of and 

including last extra dividend : 5J. 
Date of the last extra dividend : January 12, 1887.* 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 13,496 $739,648 93 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 18^7, 583 3S7,203 18 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 8,312 706,000 68 

Number of accounts opened during the year ending Oct. 31, 1887, 2,085 
Number of accounts closed during the year ending Oct. 31, 1887, 1,328 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 12,427 39 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner: August 30. 



Total amount of Loans with each specified Hate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Kate. 


Amount. 


Rate. 


$9,82o 88 

. 1,717 54 

4,373 39 

255,025 94 


2 per cent. 
91 « 

^2 

3 

4 " 


! $716,277 74 
548,500 00 
360,900 00 


4£ per cent. 

4| 

5 


$194,650 00 
156,850 00 
249,064 48 


5j per cent. 

5| 

6 " 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding §50 and not more than $100, 
Exceeding $K'0 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $*>00 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



$80,186 68 

77,204 93 

163,675 70 

479,472 58 

1,141,325 69 

2,137,714 66 

1,847.058 12 

51,528 96 

41,146 89 

998,685 07 



* Amounting to $43,364.48. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



369 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


United States 4*s, . 


$83,500 


$90,806 25 


$83,500 00^ 


United States 4s, 


104,500 


132,453 75 


104,500 00 


United States 6s, 


175.000 


211,750 00 


175,000 00 


City of New Bedford, Mass., 3^s, . 


80,000 


80,000 00 


80,000 00 


Town of Northampton, Mass., 6s, . 


83,000 


88,810 00 


83,000 00 


City of New Haven, Ct., 6s, . 


10,000 


10,200 00 


10,000 00 


Town of No. Bridge water, Mass., 6s, 


16,000 


16,320 00 


16,000 00 


City of Holyoke, Mass., 6s, 


50,000 


60,000 00 


50,000 00 


Town of Middleboro', Mass., 4s, 


75,000 


75,000 00 


75,000 00 


City of Norwich, Ct., 6s, . 


13,000 


14,820 00 


13,000 00 


of New Bedford, Mass., 6s, 


72,000 


79,560 00 


72,000 00 


of Chelsea, Mass., 6s, 


55,000 


59,950 00 


55,000 00 


of Bangor, Me., 6s, . 


66,000 


66,000 00 


66,000 00* 


of New Haven, Ct., 3is, . 


50,000 


50,000 00 


50,000 00 


of Charlestown, Mass., 6s, 


25,000 


26,500 00 


25,000 00 


of Lowell, Mass., 6s, 


25,000 


26,250 00 


25,000 00 


of Salem, Mass., 6s, . 


25,000 


26,375 00 


25,000 00 


of Boston, Mass., 4s, 


10,000 


10,350 00 


10,000 00 


of E. Saginaw, Mich., 5s, 


25.000 


26,250 00 


25,000 00* 


of Fall River, Mass., 6s, . 


73,000 


90,885 00 


73,000 00 


of Fall River, Mass., 5s, . 


17.000 


19,465 00 


17,000 00 


of Portland, Me., 6s, 


35,000 


35,000 00 


35,000 00* 




$1,168,000 
1 


$1,296,745 00 $1,168,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O 0> 

O c3 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


100 
100 
500 

262 
200 
300 

100 

120 

20 

25 

25 

100 


Franklin Nat'l Bank, Franklin, 
Third Nat'l Bank, Springfield, 
Merchants' Nat'l Bank, New 

Bedford, .... 
First N'l Bank, New Bedford, 
Citizens' N'l B'k, New Bedford, 
Nat'l Bank of Commerce, New 

Bedford, .... 
First Nat'l Bank, Boston, 
Nat'l Revere Bank, Boston, 
State Nat'l Bank, Boston, 
Tremont Nat'l Bank, Boston, . 
Merchandise N'l Bank, Boston, 
Merchants' Nat'l Bank, Boston, 


$10,000 
10,000 

50,000 
26,200 
20,000 

30,000 

10,000 

12,000 

2,000 

2,500 

2,500 

10,000 


$10,000 00 
19,000 00 

92,500 00 
36,680 00 
26,000 00 

36,000 00 
22,100 00 

14,880 00 
2,320 00 
2,500 00 
2,500 00 

13,900 00 


$10,000 00 
10,000 00 

50,000 00 
26,200 00 
20,000 00 

30,000 00 

10,000 00 

12,000 00 

2,000 00 

2,500 00 

2,500 00 

10,000 00 




$185,200 


$278,380 00 


$185,200 00 



* These were legal investments when made. 



370 



BANK COMMISSIONERS' EEPOET. [Jan, 



Railroad Bonds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Fitehburg R.R. 4s, . 


$50,000 


$46,875 00 


$50,000 00 


Fitehburg R.R. 4£s, . 




118,000 


118,000 00 


118,000 00 


Boston & Maine R.R. 7s, . 




15,000 


16,650 00 


15,000 00 


Old Colony R.R. 7s, . 




20,000 


22.900 00 


20,000 00 


Old Colony R.R. 6s, . 




45,000 


50.625 00 


45,000 00 


Boston & Albany R.R. 6s, 




10,000 


11,225 00 


10,000 00 


Mansfield & Framingham R.R 


•i 


33,500 


33,500 00 


33,500 00 


Eastern R.R. 6s, 




52,500 


85,456 25 


52,500 00* 




$344,000 


§385,231 25 


$344,000 00 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 26, 1887. 
Personally appeared B. Ricketson, Jr., Treasurer of the New Bedford Five Cents 
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a true 
and correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in reference 
t-j the matters to which they relate, according to his best knowledge and belief. 

Before me, James Taylor, Notary Public. 

Bristol, ss., Nov. 26, 1887. 
Personally appeared Fred'k S. Allen, Edw'd H. Allen, Geo. N. Alden, Geo. R. 
Phillips, Thos. Wilcox, Parkman M. Lund, B. T. Cummings and George Howland, Jr., 
being five or more of the trustees of said corporation, and severally made oath that 
they have made an examination of the affairs of the bank ; that the books and records 
of said institution indicate the state of affairs as above attested by their treasurer; and 
that the) r believe said statement to be true. 

Before me, James Taylor, Notary Public. 

* This was a legal investment when made. 






1888.] 



PUBLIC DOCUMENT — No. 8. 



371 



NEW BEDFORD INSTITUTION FOR SAVINGS — NEW BEDFORD. 

Incorporated 1825. Number of corporators, 105. 

William Watkins, President. Chas. H. Peirce, Treasurer. 

Wm. G. Wood, Clerk. 

Names of committee charged with the investment of its funds : 

William Watkins, Horatio Hathaway, 

Edward D. Mandell, Andrew G. Pierce, 

J. R. Thor^to.v, Gilbert Allen. 

Open for business every business day, 9 a.m. to 1 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$2,452,600 00 


Deposits, . 


$10,413,463 81 


Loans on public funds, 


44,000 00 


Earnings undivided, 


129,270 93 


Bank stock as per Schedule B, . 


1,388,860 00 


Guaranty fund, 


320,000 00 


Loans on bank stock, . 


57,250 00 






Railroad bonds, .... 


869,000 00 






Loan on railroad bonds, 


4,000 00 






Loans on railroad stocks, . 


97,000 00 






Railroad notes, .... 


700,000 00 






Real estate (for banking pur- 








poses), 


30,000 00 






Real estate by foreclosure, 


9.351 65 






Loans on real estate, . 


1,243,855 00 






Loans on personal security, 


3,550,814 78 






Loans to counties, cities or towns 








(notes), 


58,000 00 






Loan to Commonwealth of Mass., 


100,000 00 






Deposits in banks, on interest, . 


239,780 17 






Deposit in bank, not on interest, . 


284 07 






Loans on depositors' books, 


550 00 






Cash on hand, .... 


17,389 07 








$10,862,734 74 


$10,862,734 74 



Loans on Public Funds, amount on each : — 
On $5,000 City of Lynn, Mass., 4s, 
On $1,000 District of Columbia 6s, 
On $28,000 City of Lynn, Mass., 4s, 
On $1,000 United States 4s, . 
On $10,000 United States 4s, . 



Loans on Bank Stock, amount on each : — 
On 91 shares First National Bank, New Bedford, . 
On 70 shares Third National Bank, Boston, . 
On 9 shares First National Bank, New Bedford, . 
On 15 shares Mechanics' National Bank, New Bedford, 
On 22 shares National Bank of Commerce, New Bedford, 



} $5,000 00 

| 29,000 00 
10,000 00 



$7,500 00 
7,000 00 

4,000 00 



372 



BANK COMMISSIONERS' REPORT. 



[Jan. 



On 15 shares Merchants' National Bank, New Bedford, 

On 3 shares Mechanics' National Bank, Ne*v Bedford, 

On 2 shares National Bank of Commerce, New Bedford, 

On 20 shares Citizens' National Bank, New Bedford, 

On 8 shares Merchants' National Bank, Boston, . 

On 3 shares Southbridge National Bank, Southbridge, 

On 6 shares Shawmut National Bank, Boston, 

On 8 shares Second National Bank, Boston, . 

On 3 share-s National Bank of Commerce, New Bedford, 

On 12 sha/es Falmouth National Bank, Falmouth, 

On 3 shares First National Bank, Yarmouth, 

On 100 shares National Bank of Easton, 

On 175 shares National Bank of North America, Boston, 

On 10 shares Mechanics' National Bank, New Bedford, 

On 10 shares National Bank of Commerce, New Bedford, 

On 25 shares Falmouth National Bank, Falmouth, 

On 12 shares Merchants' National Bank, New Bedford, 

On 20 shares Merchants' National Bank, New Bedford, 



§1,950 00 

2,000 00 
400 00 
100 00 



> 3,000 00 



10,000 00 
14,000 00 

4,500 00 

1,200 00 
1,600 00 



Loans on Railroad Bonds, amount on each : — 

On $3,000 Old Colony R.R. 7s, 

With 10 shares Citizens' National Bank, New Bedford, 
With 3 shares First National Bank, New Bedford, 
With 3 shares National Bank of Commerce, New Bedford, 



As additional 
security. 



$4,000 00 



Loans on Railroad Stocks, amount on each : — 

On 350 shares Boston & Lowell R.R., §42,000 00 

On 130 shares Old Colony R.R., 10,000 00 

On 175 shares Boston & Maine R.R., j 

On 100 shares Boston & Providence R.R., J 4o ' 000 00 

Invested in real estate (for banking purposes), ...'.. §30,00000 

Estimated value of the same, 30,000 00 

Assessed value of the same, 20,000 00 

Value (b} r books) of other real estate, held by foreclosure or otherwise, . 9,351 65 

Assessed value of the same, 9,550 00 

Number of outstanding loans which are of an amount not exceeding §3,000 

each, 185 

Aggregate amount of the same, 206,171 78 

Amount of investments from which no income is received, . . . . 39,35165 



Cash on Deposit in Banks, amount in each 

Merchants' National Bank, New Bedford, 
First National Bank, New Bedford, 
National Bank of Commerce, New Bedford, 
Mechanics' National Bank, New Bedford, 
Citizens' National Bank, New Bedford, . 
Massachusetts National Bank, Boston, . 
National Revere Bank, Boston, 
National Bank of Redemption, Boston, . 



§26,945 75 

6,627 24 

81,639 83 

5,590 27 

6,239 87 

284 07 

33,529 25 

79,207 96 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, §559,939 40 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J. 203,295 53 



ending Oct. 31, 1887 i 2 per cen 



:enr., f. 
:cnt., I 



203,295 10 



1888.] 



PUBLIC DOCUMENT — No. 8. 



373 



Times for the dividends fixed by the by-laws : first Monday in April and 

October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 11,211 $1,271,002 41 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 799 495,358 18 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 13,603 1,641,779 00 

Number of accounts opened during the year ending Oct. 31, 1887, 2,236 
Number of accounts closed during the year ending Oct. 31, 1887, 2,025 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 18,593 72 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : August 25. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$144,780 17 
100,000 00 
327,000 00 
150,000 00 
787,000 00 


2£ per cent. 

3| " 

3| 

3£ " 

4 


$149,000 00 

1,158,365 78 

626,000 00 

1,517,079 00 


4i per cent. 

44 

4| 

5 " 


$25,000 00 
864,052 00 
114,000 00 
132,973 00 


5j. per cent. 

''2 

5S " 

6 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



r hole number, 
)f $50 or less, 

iXceeding $50 and not more than 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Ixceedins $500 and less than $1,000, . 
)f $1,000 or more, . . . . . 
^o the credit of women, both adult and minor, 

To the credit of guardians, .... 

To the credit of religious and charitable associat 

In trust, 



ons, 



20,091 
4,514 
1,745 
2,280 
3.437 
3,160 
4,955 

10,605 

248 

154 

4,500 



$84,225 22 

124.961 53 

321,629 77 

1,129,255 87 

2,278,559 23 

6,474,832 19 

5,514,522 71 

148,807 49 

161,342 40 

3,118,405 34 



374 



BANK COMMISSIONERS' REPORT. 



[Jan . 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



' Amount Invested. 



United States 4s, 

District of Columbia 6s, . 

City of New Bedford, Mass.. 4s, 
of New Bedford, Mass., 3^s, 
of New Bedford, Mass., 6s, 
of New Bedford, Mass., 7s, 
of Charlestown, Mass., 5s, 
of Springfield, Mass., 6s, . 
of Manchester, X. H., 6s, 

Town of Middletown, Ct., 6s, 
of Greenfield, Mass., 6s, 
of Buckland, Mass., 6s, . 
of Shelburne, Mass., 6s, 
of Adams, Mass., 6s, 

City of Bangor, Me., 6s, . 
of Maiden, Mass., 5s, 
of Maiden, Mass., 6s, 

Town of Medford, Mass., 6s, 
of Melrose. Mass., 6s, 

City of Meriden, Ct., 7s, . 

Town of Peterboro 1 , X. H., 6s, 

City of Providence. R. I., 5s, 
of Nashua, X. H., 6s, 
of Hartford, Ct., 6s, . 
of E. Saginaw. Mich., 5s, 
of Salem. Mass.. 6s, . 
of Burlington, Vt,. 6s, 
of Grand Rapids, Mich., 5s, 
of Chelsea. Mass., 6s, 

County of Sagadahoc, Me., 6s, 

City of Dover, X. H., 6s, . 
of Bath, Me., 6s, 

Town of Edgartown. Mass.-, 6s, 
of Attleboro\ Mass., 7s, 

City of Boston, Mass., 5s, 
of Columbus, Ohio, 6s, 
of Cleveland, Ohio, 4s, 
of Cleveland, Ohio, 6s, 
of Cleveland, Ohio, 7s, 



$805,500 81 

165.000 

100,000 

25,000 

276.000 

25,000 

100.000 

2,000 

6,000 

38,000 

5,000 

5,000 

6.000 

3.000 

100,000 

17.000 

50.000 

50,000 

50.000 

50.000 

15.000 

7.000 

5,000 

20.000 

28.500 

50,000 

16.000 

30.000 

65,000 

19.000 

60.000 

19,000 

16,000 

50,000 

93.600 

10.000 

53.000 

10.000 

7,000 



,020.000 

178.200 

102.000 

25,000 

322,900 

26,700 

107.000 

2,000 

6.700 

42,180 

5,2 1 o 

5,275 

5,275 

3,050 

100,000 

17,850 

52.750 

52.750 

52,750 

52,750 

15,400 

7.700 

5.400 

21.600 

30.000 

50,500 

16.600 

33.000 

70.800 

19,000 

63,300 

19,000 

16,400 

62,500 

101.000 

10,750 

53,000 

10.450 

7,600 



00 
00 

00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 
00 



8805,500 00 

165,000 00 

100,000 00 

25,000 00 

276,000 00 

25,000 00 

100,000 00 

2.000 00 

6.000 00 

38.000 00 

5,000 00 

5,000 00 

6,000 00 

3,000 00 

100.000 00* 

17.000 00 

50.000 00 

50,000 00 

50.000 00 

50,000 00 

15,000 00 

7.000 00 

5.000 00 

20.000 00 

28,500 00* 

50,000 00 

16.000 00 

30,000 00 

65,000 00 

19.000 00* 

60.000 00 

19,000 00* 

16,000 00 

50.000 00 

93,600 00 

10.000 00 

53,000 00 

10,000 00 

7,000 00 



82,452,600 82,794,405 00,82,452,600 00 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



375 



Schedule B — Detailed Statement of Bank Stocks. 



V- CO 

o a 


• 




Estimated 


Amount 


o ^ 




Par Value. 






* s 






Market Value. 


Invested. 


1,096 


Merchants' Nl Bank, New Bed- 










ford, 


$109,600 


$197,280 


$109,600 


1,356 


First Natl Bank, New Bedford, . 


135,600 


189,870 


135,600 


1,366 


Natl Bank of Commerce, New 










Bedford, 


136,600 


163,920 


136,600 


1,000 


Mechanics' Nl B'k, New Bedford, 


100,000 


168,000 


100,000 


1,000 


Citizens 1 Nl Bank, New Bedford, 


100,000 


130,000 


100,000 


200 


First Natl Bank, Chelsea, . 


20,000 


26,600 


20,000 


250 


Metacomet Nl Bank, Fall River, 


25,000 


30,000 


25,000 


200 


Fall River Nl Bank, Fall River, 


20,000 


23,000 


20,000 


200 


Third Natl Bank, Springfield, . 


20,000 


38,000 


20,000 


45 


Railroad Natl Bank, Lowell, 


4,500 


5,850 


4,500 


70 


Nl Bank of So. Reading, Wake- 










field, 


7,000 


8,050 


7,000 


150 


First Natl Bank, Melrose, . 


15,000 


19,500 


15,000 


22 


Nl B'k of Fairhaven, Fairhaven, 


1,760 


1,760 


1,760 


200 


Nl Hide & Leather B'k, Boston, . 


20,000 


22,800 


20,000 


150 


Boston Natl Bank, Boston, 


15,000 


17,850 


15,000 


140 


Howard Natl Bank, Boston, 


14,000 


14,980 


14,000 


20 


Natl Exchange Bank, Boston, . 


2,000 


2,520 


2,000 


460 


Nl B'k of Commerce, Boston, . 


46,000 


56,120 


46,000 


530 


Second Natl Bank, Boston, 


53,000 


79,500 


53,000 


380 


Nl B'k of No. America, Boston, . 


38,000 


39,900 


38,000 


100 


Maverick Natl Bank, Boston, 


10,000 


22,200 


10,000 


490 


Nl B'k of the Republic, Boston, . 


49,000 


68,600 


49,000 


230 


First Natl Bank, Boston, . 


23,000 


50,830 


23,000 


230 


Merchants' Natl Bank, Boston, . 


23,000 


31,970 


23,000 


90 


Eliot Natl Bank, Boston, . 


9,000 


11,520 


9,000 


230 


North Natl Bank, Boston, . 


23,000 


30,130 


23,000 


30 


Natl City Bank, Boston, 


3,000 


3,210 


3,000 


350 


Tremont Natl Bank, Boston, 


35,000 


35,000 


35,000 


90 


Hamilton Natl Bank, Boston, . 


9,000 


10,980 


9,000 


140 


Shawmut Natl Bank, Boston, 


14,000 


17,500 


14,000 


250 


Continental Nl Bank, Boston, . 


25,000 


29,500 


25,000 


170 


Natl Eagle Bank, Boston, . 


17,000 


17,000 


17,000 


176 


Massachusetts Nl B'k, Boston, . 


44,000 


18,650 


44,000 


360 


Atlas Natl Bank, Boston, . 


36,000 


41,400 


36,000 


130 


Natl Union Bank, Boston, . 


13,000 


18,720 


13,000 


260 


Columbian Natl Bank, Boston, . 


26,000 


32,760 


26,000 


500 


Natl Revere Bank, Boston, 


50,000 


62,000 


50,000 


130 


Washington Nl Bank, Boston, . 


13,000 


16,120 


13,000 


140 


Shoe & Leather Nl B'k, Boston, . 


14,000 


14,140 


14,000 


40 


New England Nl B'k, Boston, . 


4,000 


5,840 


4,000 


100 


Nl Bank of the Commonwealth, 










Boston, . 


10,000 


13,700 


10,000 


200 


Nl B'k of Redemption, Boston, . 


20,000 


25,400 


20,000 


30 


Everett Natl Bank, Boston, 


3,000 


2,910 


3,000 


100 


Monument Natl Bank, Boston, . 


10,000 


22,000 


10,000 


30 


Merchandise Natl Bank, Boston, 


3,000 


3,000 


3,000 


90 


State Natl Bank, Boston, . 


9,000 


10,440 


9,000 


108 


Traders' Natl Bank, Boston, 

i 


10,800 


10,150 


10,800 




$1,388,860 


$1,861,140 


$1,388,860 



376 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Bailroad Bonds. 











Estimated 






Par Value. 


Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 


$450,000 


$499,500 00 


$450,000 00 


Boston & Albany R.R. 6s, 






50,000 


55,500 00 


50,000 00 


New Bedford R.R. 7s, . 






75,000 


84,750 00 


75,000 00 


Fitchburg R.R. 5s, . 






38,000 


39,140 00 


38,000 00 


Fitchburg R.R. 4^s, . 






200,000 


200,000 00 


200,000 00 


Old Colony R.R. 6s, . 






20,000 


22,800 00 


20,000 00 


Boston & Lowell R.R. 6s, 






11,000 


12,200 00 


11,000 00 


Boston & Lowell R.R. 5s, 






5,000 


5,350 00 


5.000 00 


Boston & Lowell R.R. 4^s, 






20,000 


20,600 00 


20,000 00 








$869,000 


$939,840 00 


$869,000 00 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 12, 1887. 
'Personally appeared Chas. H. Peirce, Treasurer of the New Bedford Institution for 
Savings, and made oath that the foregoing statement, by him subscribed, is a true and 
correct statement of all the resources and liabilities of said institution, and that the 
answers made by him to the foregoing interrogatories contain the whole truth in 
reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, Fred A. Washburn, Notary Public. 

Bristol, ss., Nov. 12, 1887. 
Personally appeared William Watkins, Gilbert Allen, Horatio Hathaway, John R. 
Thornton and Edward D. Mandell, being rive or more of the trustees of said corpora- 
tion, and severally made oath that they have made an examination of the affairs 
of the bank ; that the books and records of said institution indicate the state of 
affairs as above attested by their treasurer; and that they believe said statement to be 
true. Before me, Fred A. Washburn, Notary Public. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



377 



NEWBURYPORT FIVE CENTS SAVINGS BANK — NEW- 
BURYPORT. 

Incorporated April 24, 1854. Number of corporators, 46. 

Eben Sumner, President. John A. Maynard, Treasurer. 

John A. Maynaed, Clerk. 

Names of committee charged with the investment of its funds : 

Eben Sumner, John H. Balch, 

A. W. Greenleaf, Nathaniel Dole. 

Open for business every business day except Saturday, 9 a.m. to 1 p.m., 2.30 to 4 p.m. ; 

Saturday, 9 a m. to 1 p.m. 

Statement. 



ASSKTS. 



Public funds as per Schedule A 

Loan on public funds, 

Bank stock as per Schedule B, 

Loan on bank stock, . 

Railroad bonds, . 

Re;tl estate (for banking pur 

poses), .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, on interest, 
Expense account, 
Cash on hand, 



$40,000 00 
10,000 00 

115,000 00 
3,000 00 
5,000 00 

40,000 00 

37,914 78 

383,901 00 

136,000 00 

23,166 49 

139 67 

3,555 54 



,677 48 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$708,619 78 
61,681 56 
27,376 14 



$797,677 48 



Loan on Public Funds : — 
On $10,000 United States 4£s, 



$10,000 00 



Loan on Bank Stock : — 
On 32 shares Central National Bank, Boston, 



$3,000 00 



Invested in real estate (for banking purposes), $40,000 00 

Estimated value of the same, 35,000 00 

Assessed value of the same, 31,500 00 

Net income received from same during year ending Oct. 31, 1887, . . 2,797 91 

Value (by books) of other real estate, held by foreclosure or otherwise, . 37,914 78 

Assessed value of the same, 49,950 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 227 

Aggregate amount of the same, 234,901 00 

Amount of investments from which no income is received, .... 37,914 78 



378 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

First National Bank, Newburyport, $15,977 18 

Maverick National Bank, Boston, 7,189 31 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $41,316 55 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 12,861 14 

ending Oct. 31, 1887, . } 2 per cent., i 13,127 02 

Times for the dividends fixed by the by-laws : first Monday in May and 

November. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,166 $109,85119 

Number and amount of deposits of and exceeding $300 at any one time 

during the year ending Oct. 31, 1887, 116 66,62158 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 989 99,633 46 

Number of accounts opened during the year ending Oct. 31, 1887, . 225 
Number of accounts closed during the year ending Oct. 31, 1887, . 215 
Amount of expenses ot the corporation during the year ending Oct. 31, 1887, 2,268 10 

Amount of treasurer's bond, 15,000 00 

Date of examination by commissioner ; August 17. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 



$15,977 18 
7,189 31 
5,000 00 

35,000 00 



Kate. 



2 per cent. 



Amount. 



Rate. 



1115,200 00 

8,000 00 

34,500 00 



5 per cent. 



Amount. 



Kate. 



$316,651 00 

4,900 00 

13,650 00 



6 per cent. 
6£ « 

7 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of* women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$48,331 47 

14,258 40 

30.718 16 

133 990 48 

223,827 75 

257,493 52 

331,028 31 

6,523 60 

21,694 16 

39,931 55 



1888. ] 



PUBLIC DOCUMENT — No. 8. 



379 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Bangor, Me., Cs, . 
United States Cs, 


$10,000 
30,000 


$11,400 00 
88,700 00 


$10,000 00* 
30,000 00 




$40,000 


$50,100 00 


$40,000 00 



Schedule B — Detailed Statement of Bank Stocks. 





o ■ 
6 J 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 



10 
60 
17 
8 
33 
13 
18 
42 
50 

80 
5 
33 
74 
50 
50 
15 
10 
25 
44 
40 
10 
10 
23 
37 
10 
12 
33 
104 
24 
56 
53 
91 

20 



Atlantic Natl Bank, Boston, 
Atlas Natl Bank, Boston, 
Boston Nat'l Bank, Boston, 
Boylston Natl Bank, Boston 
Biackstone Natl Bank, Boston 
Columbian Natl Bank, Boston 
Nl B'k of Commerce, Boston 
Continental Nl Bank, Boston 
Natl Bank of the Common- 
wealth, Boston, . 
Natl City Bank, Boston, . 
Natl Exchange Bank, Boston 
Eliot Natl Bank, Boston, 
Natl Eagle Bank, Boston, 
Everett Natl Bank, Boston, 
Globe Natl Bank, Boston, 
Howard Natl Bank, Boston, 
Hamilton Natl Bank, Boston, 
Nl Hide & Leather B'k, Boston 
Market Nat 1 Bank, Boston, 
Maverick Natl Bank, Boston 
Nl B'k of No. America, Boston 
New England Nl B'k, Boston 
Nl B'k of the Republic, Boston 
Natl Revere Bank, Boston, 
Shawmut Natl Bank, Boston 
Suffolk Natl Bank, Boston, 
Tremont Natl Bank, Boston, 
Third Natl Bank, Boston, 
Natl Union Bank, Boston, 
Natl Webster Bank, Boston, 
First Nl Bank, Newburyport 
Mechanicks' Nat'l Bank, New- 
buryport, 
Ocean Nl Bank, Newburyport 



$1,000 
6,000 
1,700 
800 
3,300 
1,300 
1,800 
4,200 

5,000 
8,000 
500 
3,300 
7,400 
5,000 
5,000 
1,500 
1,000 
2,500 
4,400 
4,000 
1,000 
1,000 
2,300 
3,700 
1,000 
1,200 
3,300 
10,400 
2,400 
5,600 
5,300 

9,100 
1,000 



$1,335 00 
6,915 00 
2,023 00 
1,044 00 
8,465 00 
1,654 25 
2,196 00 
4,998 00 

6,750 00 
8,560 00 
630 00 
4,257 00 
7,400 00 
4,850 00 
4,600 00 
1,616 
1,225 
2,862 
4,026 
8,800 
1,047 
1,460 
3,220 
4,625 
1,250 
1,374 
3,300 
10,400 00 
3,468 00 
5,710 00 
6,625 00 

11,193 00 
1,300 00 



25 
00 
50 
00 
00 
50 
00 
00 
00 
00 
00 
00 



$115,000 



.34,209 50 



$1,000 00 
6,000 00 
1,700 00 

800 
3,300 
1,300 
1,800 
4,200 



00 
00 
00 
00 
00 



5,000 00 
8,000 00 
500 00 
3,300 00 
7,400 00 
5,000 00 
5,000 00 
1,500 00 
1,000 00 
2,500 00 
4,400 00 
4,000 00 
1,000 00 
1,000 
2.300 
3,700 
1,000 
1.200 
3,300 
10,400 00 
2,400 00 
5,600 00 
5,300 00 

9,100 00 
1,000 00 



00 
00 
00 
00 
00 
00 



$115,000 00 



* This was a legal investment when made. 



380 



BANK COMMISSIONERS' ^REPORT. 



[Jan. 



Railroad Bonds. 





Estimated 
Par Value. 

Market Value. 


Amount Invested. 


Old Colony K.R. 7s, . 


$5,000 


85,850 00 


$5,000 00 



Commonwealth of Massachusetts. 

Essex, ss., Nov. 15, 1887. 
Personally appeared John A. Maynard, Treasurer of the Newburyport Five Cents 
Savings Bank, and made oath that the foregoing statement, by him subscribed, is a 
true and correct statement of all the resources and liabilities of said institution, and 
that the answers made by hira to the foregoing interrogatories contain the whole truth 
in reference to the matters to which they relate, according to his best knowledge and 
belief. Before me, John N. Pike, Justice of the Peace. 

Essex, ss., Nov. 15, 1887. 
Personally appeared P. H. Blumpey, George W. Snow, A. W. Greenleaf, S. B. Carter 
and Albert Currier, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the 
bank; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer; and that they believe said statement to be true. 

Before me, John N. Pike, Justice of the Peace. 



Essex, ss., Dec. 14, 1887. 
Personally appeared Eben Sumner, and made oath that the foregoing statement, by 
him subscribed, is true, to his best knowledge and belief. 

Before me, John N. Pike, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



381 



NEWTON SAYINGS BANK — NEWTON. 

Incorporated June 17, 1831. Number of corporators, 16. 

George Hyde, President. Susanna M. Duncklee, Treasurer. 

Isaac Hagae, Clerk. 

Names of committee charged with the investment of its funds : 

James F. C. Hyde, Willard Marcy. 

George Hyde, 

Open for business every business day except Saturday, 9 a.m. to 12 m., 2 to 4 p.m. ; 

Saturday, 9 a.m. to 1 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, 
Railroad bonds, . 
Real estate by foreclosure, 
Loans on reai estate, . 
Loans on personal security, 
Deposits in banks, on interest, 
Deposits in banks, not on in 

terest, .... 
Expense account, 
Cash on hand, 



$77,620 45 

28,725 00 

10,000 00 

10.830 00 

1,033,521 71 

394,075 00 
12,782 70 

9,698 83 

618 82 

3,606 16 



1,581,478 67 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



,524,901 07 
28,087 60 
28,490 00 



1,581,478 67 



Value (by books) of real estate, held by foreclosure or otherwise, . . f 10,830 00 

Assessed value of the same, 12,800 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 243 

Aggregate amount of the same, 361,995 33 

Amount of investments from which no income is received, .... 19,181 38 

Cash on Deposit in Banks, amount in each : — 

Newton National Bank, Newton, $ 5,282 70 

Pacific National Bank, Boston 7,198 83 

Wachusett National Bank, Fitchburg, . 10,000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $78,751 92 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 26,905 26 

ending Oct. 31, 1887, ) 2 per cent., 1 28,047 10 

Times for the dividends fixed by the by-laws : January 1 and July 1. 



382 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,639 $339,357 05 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 214 121,224 89 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 3,478 301,562 62 

Number of accounts opened during the year ending Oct. 31, 1887, . 812 
Number of accounts closed during the year ending Oct. 31, 1887, . 424 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,442 54 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : June 16. 



Total amount of Loans with each specified Bate of Interest, includi?ig 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Rate. 


Amount. 


Rate. 


$2,782 70 
590,050 00 


2 per cent. 
5 


$29,700 00 
528,770 33 


5J per cent. 
5£ " 


$285,676 38 
3,400 00 


' 6 per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, ....... 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $-500 and less than $1,000, . 

Of $1,000' or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$36,857 00 

46,991 06 

103,277 31 

325,654 47 

475,303 43 

536,817 80 

791,216 85 

10,849 28 

6,437 00 

137,286 21 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Lowell, Mass., 6s, 
of Newton, Mass., 5s, 
of Worcester, Mass., 5s, . 


$6,000 
50,000 
20,000 


$6,300 00 
56,250 00 
20,850 00 


$6,136 38 
51,025 52 
20,458 55 




$76,000 


$83,400 00 


$77,620 45 



1888.] PUBLIC DOCUMENT — No. 8. 383 

Schedule B — Detailed Statement of Bank Stocks. 









Estimated 




c - 




Par Value. 




Amount Invested. 


* 7 






Market Value. 




30 


Nat'l Bank of the Common- 










wealth, Boston, . 


$3,000 


$4,110 00 


$3,000 00 


10 


First Nat'l Bank, Cambridge, . 


1,000 


1,600 00 


1,000 00 


25 


Globe Nat'l Bank, Boston, 


2,500 


2,281 25 


2,500 00 


70 


Lincoln Nat'l Bank, Boston, . 


7,000 


7,717 50 


7,000 00 


24 


Merchandise N'l Bank, Boston, 


2,400 


2,406 00 


2,400 00 


25 


Natick Nat'l Bank, Natick, 


2.500 


3,325 00 


2,500 00 


15 


Newton Nat'l Bank, Newton, . 


1,500 


1,500 00 


1,500 00 


30 


Nat*] Revere Bank, Boston, 


3,000 


3,750 00 


3,000 00 


25 


So. Framingham Nat'l Bank, 










So. Framingham, 


2,500 


2,500 00 


2,500 00 


6 


State Nat'l Bank, Boston, 


600 


696 00 


600 00 


25 


Wachusett N'l B*k, Fitchburg, 


2,500 


5,000 00 


2,500 00 


3 


Waltham N'l Bank, Waltham, 


225 


315 00 


225 00 




$28,725 


$35,200 75 


$28,725 00 



Bailroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Mansfield & Framingham R.R. 7s, 



$10,000 



$10,400 00 $10,000 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 17, 1887. 
Personally appeared Susanna M. Duncklee, Treasurer of the Newton Savings Bank, 
and made oath that the foregoing statement, by her subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by her to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to her best knowledge and belief. 

Before me, Benj. F. Bacon, Justice of the Peace. 

Middlesex, ss., Nov. 18, 1887. 
Personally appeared Wm H. Bracket*, Francis Murdock, Joseph N. Bacon, Isaac 
Hagar, Win. J Townc and George Hyde, being five or more of the trustees of said cor- 
poration and severally made oath that they have made an examination of the affairs of 
the bank ; that the books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, Bknj. F. Bacon, Justice of the Peace. 



384 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTHAMPTON INSTITUTION FOR SAVINGS— NORTHAMPTON. 

Incorporated 1842. Number of corporators, 17. 

H. G. Knight, President. L. Maltby, Treasurer. 

T. G. Spalldixg, Clerk. 

Names of committee charged with the investment of its funds : 

L. Maltby, Geo. W. Hubbard. 

Oscar Edwards, 

Open fur business every business day from 9 a.m. to 3 p.m. 
Statement. 



Assets. 



Public funds as per Schedule A, 

Loan on public fun. Is, 

Bank stock as per Schedule B, . 

Loans on bank stock, . 

Railroad bonds, .... 

Loan on railroad stock, 

Railroad notes, .... 

Real estate (for banking pur- 
poses), 

Real estate by foreclosure, . 

Loans on real estate, . 

Loans on personal security, 

Loans to counties, cities or towns 
(notes), 

Deposit in bank, on interest, 

Loan on depositor's book, . 

Cash on band, .... 



$302 100 00 

2,400 00 

45,500 00 

31,713 70 

350,000 00 

850 00 

17-5,000 00 

27,582 40 

2,100 00 

801.6S3 72 

410,175 00 

20,003 00 

90,474 66 

150 00 

3,000 94 



$2,262,730 42 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



52,153,161 50 
23.068 92 
86,500 00 



$2,262,730 42 



Loan on Public Funds : — 
On $2,500 United States 4s, 



$2,400 00 



Loans on Bank Stock, amount on each : — 
On 86 shares Northampton National Bank, Northampton, . 
On 121 shares First National Bank, Northampton, 
On 13 shares Hampshire County National Bank, Northampton, 
On 100 shares First National Bank, Easthampton, 
On 10 shares Ware National Bank, Ware, .... 
On 5 shares Williamstown National Bank, \Villiamstown, . 
On 6 shares First National Bank, Westfield, .... 
On 10 shares Bath National Bank, Bath, Me., 



On 5 shares Springfield Safe Deposit and Trust Co., Springfield, 



liOan on Railroad Stock : — 
On 9 shares Connecticut River R.R., 



$7,213 70 

10,500 00 

1,300 00 

10,000 00 

1,000 00 

400 00 

300 00 

600 00 

*400 00 



$850 00 



* This loan has been transferred to loans on personal security by the addition of two sureties 



1888.] 



PUBLIC DOCUMENT — No. 8. 



385 



Invested in real estate (for banking purposes), $27,582 40 

Estimated value of the same, 27,582 40 

Assessed value of the same, 25,000 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . 2,100 00 

Assessed value of the same, 1,750 00 

Net income received from same during year ending Oct. 31, 1887, . • 150 00 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 330 

Aggregate amount of the same, 385,974 42 

Cash on Deposit in Bank : — 
Northampton National Bank, Northampton, . . . I . . . $90,474^,66 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $109,568 97 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., ( 41,077 00 

ending Oct. 31, 1887, . J 2 per cent., 1 41,428^69 

Times for the dividends fixed by the by-laws : first Wednesday in April 

and October. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 4,405 $303,893 81 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 223 133,703 32 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 3,727 351,610 28 

Number of accounts opened during the year ending Oct. 31, 1887, 1,010 
Number of accounts closed during the year ending Oct. 31, 1887, . 932 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 5,961 67 

Amount of treasurer's bond, 25,000 00 

Date of examination by commissioner: July 16. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Kate. 


Amount. 


Rate. 


$20,000 00 

90,474 66 

185,000 00 


34 per cent. 

H " 
4 " 


$177,300 00 
977,777 42 


4^ per cent. 
5 


$11,500 00 
70,395 00 


5^ per cent. 
6 " 



. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of $.30 or less, 

Exceeding $50 and not more than $100, 
Exceedini: Si 00 and not more than $200, 
Exceeding §200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$31,338 12 

43,338 16 

101,906 40 

352,450 02 

666,229 64 

957,899 16 

1,007,337 97 

20,793 51 

16,224 14 

93,351 99 



386 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested- 



United States 4s, 

City of Meriden, Ct., 6s, 
of Meriden, Ct., 4is, 
of Milwaukee, Wis., 7s, 



$210,000 

20,000 

40,000 

9,000 



$266,100 00 

I 64,000 00 

10,000 00 



$279,000 ; $340,100 00 



$233,100 00 

20,000 00 

40,000 00 

9,000 00 



$302,100 00 



Schedule B — Detailed Statement of Bank Stocks. 



"*-. TO 
© O 

C ^ 




Estimated 
Tar Value. 

Market Value. 


Amount Invested. 


100 

16 
40 
10 
53 
15 
10 
30 
20 
27 
34 
26 
17 
17 
20 
20 


Northampton N'l Bank, North- 
ampton, .... 
First Nat'l Bank, Northampton, 
City Nat 1 ! Bank, Worcester, . 
Atlantic Nat'l Bank, Boston, . 
Boston Natl Bank, Boston, 
Nat'l B'k of Commerce, Boston, 
Natl Exchange Bank, Boston, 
First National Bank, Boston, . 
Merchants' Natl Bank, Boston, 
N'l B'kof No. America, Boston, 
Second Nat'l Bank, Boston, 
Shawmut Nat'l Bank, Boston, . 
State Nat'l Bank, Boston, 
Traders' Nat'l Bank, Boston, . 
Washington N'l Bank, Boston, 
Nat'l Webster Bank, Boston, . 


$10,000 
1,600 
4,000 
1,000 
5,300 
1,500 
1,000 
3,000 
2,000 
2,700 
3,400 
2,600 
1,700 
1,700 
2,000 
2,000 


$16,500 00 
2,080 00 
4,720 00 
1,330 00 
6,300 00 
1,830 00 
1,260 00 
6,630 00 
2,800 00 
2,835 00 
5,100 00 
3,250 00 
1,972 00 
1,600 00 
2,480 00 
2,040 00 


$10,000 00 
1,600 00 
4,000 00 
1,000 00 
5,300 00 
1,500 00 
1,000 00 
3,000 00 
2,000 00 
2,700 00 
3,400 00 
2,600 00 
1,700 00 
1,700 00 
2,000 00 
2,000 00 




$45,500 


$62,727 00 $45,500 00 



Bailroad Bonds. 





Par Value. 


Estimated 

| Amount Invested. 
Market Value. 


Boston & Albany R.R. 6s, 
Boston & Albany R.R. 7s, 
Boston & Maine R.R. 7s, . 
Boston & Lowell R.R. 7s, 


$40,000 

200,000 

70,000 

40,000 


$44,800 00 

222,000 00 

80,500 00 

45,600 00 


$40,000 00 

200,000 00 

70,000 00 

40,000 00 




$350,000 


$392,900 00 


$350,000 00 



1888.] PUBLIC DOCUMENT — No. 8. 387 

Commonwealth of Massachusetts. 

Hampshire, ss., Nov. 19, 1887. 
Personally appeared L. Maltby, Treasurer of the Northampton Institution for Savings, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, S. D. Drury, Justice of the Peace. 

Hampshire, ss., Nov. 21, 1887. 
Personally appeared H. G. Knight, T. G. Spaulding, J. L. Warriner, Oscar Edwards 
and M. M. French, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested by 
their treasurer ; and that they believe said statement to be true. 

Before me, S. D. Drury, Justice of the Peace. 



388 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTH ADAMS SAVINGS BANK — NORTH ADAMS. 

Incorporated 1848. Number of corporators, 36. 

C. T. Sampson, President. V. A. Whitaker, Treasurer. 

V. A. Whitaker, Clerk. 

Names of committee charged with the investment of its funds : 
A. W. Hodge, W. H. Gaylord, 

G. S. Rice. 

Open for business every business day from 9 a.m. to 4 p.m. ; Saturday, till 6 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$198,000 00 


Deposits, . 


$1,545,218 15 


Bank stock as per Schedule B, . 


34,900 00 


Earnings undivided, 


15,000 00- 


Loans on bank stock, . 


16,100 00 


Guaranty fund, 


32,000 00 


Railroad bonds 


20,000 00 


State tax, . 


1,793 72 


Real estate (for banking pur- 








poses), 


29,136 75 






Loans on real estate, . 


845,192 46 






Loans on personal security, 


280,295 38 






Loans to counties, cities or towns 








(notes), 


152,620 11 






Deposit in bank, on interest, 


280 89 






Deposits in banks, not on in- 








terest, 


693 70 






Expense account, 


507 27 






Loans on depositors' books, 


940 00 






Interest account, .... 


13,876 52 






Cash on hand, .... 


1,468 79 








$1,594,011 87 


$1,594,011 87 



Loans on Bank Stock, amount on each : — 
On 137 shares Adams National Bank, North Adams, 
On 20 shares Pittsfield National Bank, Pittsfield, 
On 34 shares First National Bank, Stamford, Ct., 



$10,700 00 
2,000 00 
3,400 00 



Invested in real estate (for banking purposes), ...... $29,13675 

Estimated value of the same, 30,000 00 

Assessed value of the same, 23,000^00 

Net income received from same during year ending Oct. 31, 1887, . . 222 67 
Number of outstanding loans which are of an amount not exceeding $3,000 

each, 291 

Aggregate amount of the same, 294,327 04 

Amount of investments from which no income is received, . . . 2,000 00 

Cash on Deposit in Banks, amount in each : — 

National Bank of the Commonwealth, Boston, ...... $280 89 

Berkshire National Bank, North Adams, 542 75 

Adams National Bank, North Adams, 150 95 



1888.] 



PUBLIC DOCUMENT — No. 8. 



389 



Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 

ending Oct. 31, 1887, J 2 per cent., 1 

Times for the dividends fixed by the by-laws : April 1 and October 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 7,589 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 348 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 4,386 

Number of accounts opened during the year ending Oct. 31, 1887, 1,388 
Number of accounts closed during the year ending Oct. 31, 1887, . 987 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner: July 21. 



£76,528 44 
27,664 34 
28,850 00 



£510,070 22 
212,766 76 
469,563 44 



6,038 67 
20,000 00 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$280 89 
152,620 11 


2.^ per cent. 
4 


$67,400 00 
741,950 00 


4^ per cent. 
5 " 


$333,177 84 


6 per cent. 



Classification of Depositors^ Accounts. 



Number. 



Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 
Of $1,000 or more, . . . . 
To the credit of women, both adtilt and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 




$28,262 61 

37,214 95 

101,578 08 

277,638 91 

484.373 06 

616,150 54 

712,039 50 

8,253 16 

9,445 14 

26,729 03 



Schedule A — Detailed Statement of Fublic Funds. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Cleveland, Ohio, 7s, . 


$25,000 


$29,500 00 


$25,000 00 


of Norwich, Ct., 4s, 


25,000 


25,500 00 


25,000 00 


of Dayton, Ohio, 4s, 


20,000 


20,450 00 


20,000 00 


of Providence, R. I., 5s, . 


18,000 


20,700 00 


18,000 00 


of Fall River, Mass., 6s, . 


11,000 


14,100 00 


11,000 00 


of Lowell, Mass., 4s, 


10,000 


10,350 00 


10,000 00 


of Cambridge, Mass., 6s, . 


5,000 


5,500 00 


5,000 00 



390 BANK COMMISSIONERS' REPORT. [Jan. 

Schedule A — Concluded. 







Estimated 






Par Value. 


Market Value. 


Amount Invested. 


City of Bangor, Me., 6s, . 


$5,000 


$5,720 00 


$5,000 00* 


of Portland, Me., 6s, 


5,000 


6,350 00 


5,000 00* 


of Lynn, Mass., 6s, . 


1,000 


1,020 00 


1,000 00 


of Xew Bedford, Mass., 6s, 


1,000 


1,150 00 


1,000 00 


Town of Plymouth, Mass., 4s, 


39,000 


39,780 00 


39,000 00 


of Woonsocket, B..L, 4s, 


30,000 


30,750 00 


30,000 00 


of So. Adams, Mass., 6s, 


3,000 


3,300 00 


3,000 00 




$198,000 


$214,170 00 


$198,000 00 



Schedule B — Detailed Statement of Bank Stocks. 



O a 

o c - 

fc 55 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


265 

14 
20 
50 


Adams Natl Bank, Xo. Adams, 
Lee Xat'l Bank, Lee, 
Berkshire N'l B'k, Xo. Adams, 
Pittsfield Xat 1 ! Bank, Pittsfield, 


$26,500 
1,400 
2,000 
5,000 


$34,450 00 
2,100 00 
2,000 00 
7,500 00 


$26,500 00 
1,400 00 
2,000 00 
5,000 00 




$34,900 


$46,050 00 


$34,900 00 



Bailroad Bonds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Fitchburg K.R. 4s, 



^20,000 



$19,400 00 



$20,000 00 



Commonwealth of Massachusetts. 

Berkshire, ss., Nov. 15, 1887. 
Personally appeared V. A. Whitaker, Treasurer of the North Adams Savings Bank, and 
made oath that the foregoing statement, by hint subscribed, is a true and correct state-' 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, A. G. Potter, Justice of the Peace. 

Berkshire, ss., Nov. 15, 188-7. 
Personally appeared A. C. Houghton, E. S. Wilkinson, A. W. Hodge, E. D. Whitaker, 
W. H. Gay lord, G. S. Rice and C. T. Sampson, being rive or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the affairs 
of the bank; that tlie books and records of said institution indicate the state of affairs 
as above attested by their treasurer; and that they believe said statement to be true. 
Before me, A. G. Potter, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



391 



NORTH AVENUE SAVINGS BANK — CAMBRIDGE. 

Incorporated 1872. Number of corporators, 32. 

Samuel F. Woodbridge, President. Milton L. Walton, Treasurer. 

George W. Parke, Clerk. 

Names of committee charged with the investment of its funds : 

Samuel F. Woodbridge, John J. Henderson, 
Nathaniel Cakr, Charles F. Stratton. 

Henry C. Rand, 

Open for business, Monday, Wednesday and Saturday, 9 a.m. to 1 p.m., also Saturday, 

6 to 8 p.m. 





Statement. 




Assets. 


Liabilities. 


Public funds as per Schedule A, 


$ 4,986 01 


Deposits, . 


$184,146 28 


Loans on public funds, 


450 00 


Earnings undivided, 


2,245 02 


Bank stock as per Schedule B, . 


1,350 00 


Guaranty fund, 


2,787 00 


Loan on bank stock, . 


50 00 






Loan on railroad bonds, 


500 00 






Real estate bv foreclosure, . 


2,591 87 






Loans on real estate, . 


111,505 00 






Loans on personal security, 


60,600 00 






Deposits in banks, on interest, . 


6,221 79 






Suspense account, 


207 92 






Cash on hand, .... 


715 68 








$189,178 30 


$189,178 30 



Loans on Public Funds, amount on each : — 

On $30(i United States 4s, $300 00 

On $150 United States 4s 150 00 

Loan on Bank Stock : — 
On 3 shares Third National Bank, Springfield, $50 00 

Loan on Railroad Bond : — 
On $1,000 New York & New England R.R. bond, * $500 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . $2,591 87 

Assessed value of the same, 3,700 00 

Net income received from same during year ending Oct. 31, 1887, . . 175 75 

I Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 61 

Aggregate amount of the same, 80,855 00 
Cash on Deposit in Banks, amount in each : — 

Howard National Bank, Boston, $3,732 61 

Faneuil Hall National Bank, Boston, 2,489 18 



392 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Whole amount of interest or profits received or earned during year ending 
Oct. 31, 1887 

Rate and amount of each semi-annual dividend for the year 1 2 per cent., 
ending Oct. 31, 1887, j 2 per cent., 

Times for the dividends fixed by the by-laws : January 10 and July 10. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 5. 

Date of the last extra dividend : January 10, 1886. 

Number and amount of deposits (not including dividends) received 
during the year ending Oct. 31, 1887, 1,345 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 47 

Number and amount of withdrawals (including dividends) during the 
year ending Oct. 31, 1887 573 

Number of accounts opened during the year ending Oct. 31, 1887, . 210 

Number of accounts closed during the year ending Oct. 31, 1887, . 69 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : May 27. 



58,417 46 
2,714 90 
3,189 24 



£68,766 08 
26,152 45 
40,701 01 



944 47 
5,000 00 



Total amount of Loans with each specified Bate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$6,221 79 
37,700 00 


2.^ per cent. 
5 


$54,650 00 
74,355 00 


5.^ per cent. 
6 


$6,200 00 
200 00 


6^ per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than 

Exceeding $100 and not more than $200, . 

Exceeding $200 and not more than $500, 

Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, . 



$6,654 27 

8,686 13 

14,971 89 

42,877 56 

52,782 34 

58,174 09 

86,163 10 

770 22 

6,011 81 

15,212 68 



Schedule A — Detailed Statement of 


Bublic Funds 


• 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


United States 4s, 


$5,000 


$6,350 00 


$4,986 04 



1888.] 



PUBLIC DOCUMENT — No. 8. 



393 





Schedule B — Detailed Statement of 


Bank Stocks. 


• 


<►. CO 

O CD 
. *- 

O c3 

25 CM 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


15 


First Nat'l Bank, Marlboro', . 


$1,500 


$1,500 00 


$1,350 00 



Commonwealth of Massachusetts. 

Middlesex, ss., Nov. 12, 1887. 
Personally appeared Milton L. Walton, Treasurer of the North Avenue Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made by 
him to the foregoing interrogatories contain the whole truth in reference to the matters 
to which they relate, according to his best knowledge and belief. 

Before me, Geo. W. Parke, Justice of the Peace. 



Middlesex, ss., Nov. 12, 1887. 
Personally appeared Samuel F. Woodbridge, Russell S. Edwards, Nathaniel Carr, 
Daniel Fobes and C. F. Stratton, being five or more of the trustees of said corporation 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as 
above attested by their treasurer ; and that they believe said statement to be true. 

Before me, Geo. "W. Parke, Justice of the Peace. 



394 



BANK COMMISSIONERS' REPORT. 



[Jan. 



NORTH BROOKFIELD SAYINGS BANK- NORTH BROOKFIELD. 

Incorporated 1854. Number of corporators, 28. 



S. S. Edmands, President. 



Bontjm Nye, Clerk. 



Bonum Nye, Treasurer. 



Names of committee charged with the investment of its funds : 

S. S. Edmands, Chas. E. Jenks, 

L. P. DeLand, Wm. H. Montague. 

Open for business every business day, 9 a.m. to 1 p.m., 2 to 4 p.m. 
Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A 
Bank stock as per Schedule B, 
Railroad bonds, . 
Real estate by foreclosure, 
Loans on real estate, . 
Deposits in banks, on interest, 
Expense account, 
Furniture, .... 
Cash on hand, 




$87,500 00 

1,400 00 

136,000 00 

6,713 11 

307,752 00 

3,630 04 

38 75 

203 67 

103 24 


Deposits, . 
Earnings undivided, 
Guaranty fund, 
Rent account, • . 


$519,427 02 

4,311 05 

19,579 24 

23 50 






$543,340 81 


$543,340 81 



Value (by books) of real estate, held by foreclosure or otherwise, . . $6,713 11 

Assessed value of the same, 9,300 00 

Net income received from same during year ending Oct. 31, 1887, . . 23 50 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 199 

Aggregate amount of the same, 107,200 00 

Cash on Deposit in Banks, amount in each : — 

Maverick National Bank, Boston $2,333 48 

First National Bank, Worcester, 1,296 56 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $31,422 60 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 10,098 94 

ending Oct. 31, 1887 '. J 2 per cent., 1 9,850 98 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 1,371 $75,454 43 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 45 20,042 33 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,075 103,926 94 

Number of accounts opened during the year ending Oct. 31, 1887, . 266 
Number of accounts closed during the year ending Oct. 31, 1887, . 231 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,172 70 

Amount of treasurer's bond, 14,000 00 

Date of examination by commissioner: March 5. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



395 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Kate. 


Amount. 


Kate. 


$2,333 48 


2£ per cent. 


$1,296 56 


3 per cent. 


$307,752 00 


5£ per cent. 



Classification of Depositors' 1 Accounts. 



Number 




Amount. 



Whole number, . . . 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $'200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, . . . . . . . . 



$11,728 22 

15,844 90 

34,785 03 

110,611 77 

161,361 85 

182,095 25 

250,992 69 

6,296 32 

5,922 56 

11,888 67 



Schedule A — Detailed Statement of Public Funds. 







Estimated 






Tar Value. 


Market Value. 


Amount Invested. 


State of Maine 6s, . 


$17,000 


$17,722 50 


$17,000 00 


Town of Woburn, Mass., 6s, . 


12,000 


12,960 00 


12,000 00 


City of Boston, Mass., 6s, 


16,000 


18,205 00 


16,000 00 


of Providence. R. I., 6s, . 


7,000 


7,910 00 


7,000 00 


of Portsmouth, N. H., 6s, 


5,000 


5,700 00 


5,000 00* 


State of New Hanrpshire 6s, . 


1,500 


1,820 00 


1,500 00 


City of Cambridge, Mass., 6s, . 


2,000 


2,190 00 


2,000 00 


of Salem, Mass., 5s, . 


2,000 


2,230 00 


2,000 00 


of Milwaukee, Wis., 7s, . 


1,000 


1,090 00 


1,000 00 


of So. Xorwalk, Ct., 6s, . 


5,000 


5,550 00 


5,000 00 


of Springfield, Ohio, 5s, . 


8,000 


8,440 00 


8,000 00* 


of Cleveland, Ohio, (is, . 


7,000 


7,880 00 


7,000 00 


of Cleveland, Ohio, 5s, . 


1,000 


1,090 00 


1,000 00 


of Cleveland, Ohio, 7s, . 


3,000 


3,495 00 


3,000 00 




$87,500 


$96,282 50 


$87,500 00 



* These were legal investments when made. 



396 



BANK COMMISSIONERS' REPORT. 



[elan. 



Schedule B — Detailed Statement of Bank Stocks. 



O z> 

o ~ 




Par Value. 


Estimated 
Market Value. 


Amount Invested 


10 
4 


Eliot Xat'l Bank, Boston, 
Ware Xat'l Bank, Ware, . 


$1,000 
400 


$1,290 00 
480 00 


$1,000 00 
400 00 




$1,400 


$1,770 00 


$1,400 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 7s, 


$24,000 


$26,540 00 


$24,000 00 


Boston & Albany R.R. 6s, 


7,000 


7,770 00 


7,000 00 


Eastern R.R. 6s, ... . 


27,000 


32,940 00 


27,000 00* 


Boston & Providence R.R. 7s, . 


8.000 


9.000 00 


8,000 00 


Boston & Maine R.R. 7s, . 


31,000 


35,040 00 


31,000 00 


Old Colony R.R. 6s, . 


8,000 


8.920 00 


8,000 00 


Old Colony R.R. 7s, . 


2,000 


2,280 00 


2,000 00 


Boston, Clinton, Fitchburg & New 








Bedford R.R. 5s, .... 


5,000 


5,500 00 


5,000 00 


Boston & Lowell R.R. 7s, 


9,000 


9,980 00 


9,000 00 


Conn. &Passumpsic Rivers R.R. 7s, . 


10,000 


11,000 00 


10,000 00* 


Boston, Winthrop & Shore R.R. 5s, . 


5,000 


5,350 00 


5,000 00 




$136,000 


$154,320 00 


$136,000 00 



Commonwealth of Massachusetts. 

Worcester, ss., Nov. 21, 1887. 
Personally appeared Bonura Nye, Treasurer of the North Brookfield Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to 
the matters to which they relate, according to his best knowledge and belief 

Before me, Chas. E. Batcheller, Justice of the Peace. 

Worcester, ss., Nov. 21, 1887. 
Personally appeared S. S. Edmands, L. P. BeLand, Chas. Duncan, E. D. Batcheller 
and W. H. Montague, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the hank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer; and that they believe said statement to be true. 

Before me, Chas. E. Batcheller, Justice of the Peace. 



* These were legal investments when made. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



397 



NORTH EASTON SAVINGS BANK — EASTON. 

Incorporated Feb. 8, 1864. Number of corporators, 28. 

Fred'k L. Ames, President. P. A. Gifford, Treasurer. 

P. A. Gifford, Clerk. 

Names of committee charged with the investment of its funds : 
Fred'k L. Ames, W. K. Goward, 

Cyrus Lothrop, Geo. K. Davis. 

John H. Swain, 

Open for business every business day, 9 a.m. to 12 m., 1.30 to 3 p.m. 

Statement. 



Assets. 




Liabilities. 


Public funds as per Schedule A, 
Bank stock as per Schedule B, . 
Loan on bank stock, . 
Railroad bonds, .... 
Real estate by foreclosure, 
Loans on real estate, . 
Loans on personal security, 
Deposits in banks, not on in- 
terest, 

Expense account, 

Cash on hand, .... 


$79,960 00 

108,789 26 

500 00 

7,000 00 

17,942 61 

272,877 00 

58,550 00 

12,560 17 

4 70 
742 69 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$538,989 26 

4,737 17 

15,200 00 




$558,926 43 


$558,926 43 



Loan on Bank Stock : — 
On 5 shares First National Bank, Easton, . . . . . . . $500 00 

Value (by books) of real estate, held by foreclosure or otherwise, . . 17,942 61 

Assessed value of the same, . . 23,100 00 

Number of outstanding loans which are of an amount not exceeding $3,000 

each, 153 

Aggregate amount of the same, . . . 161,877 00 

Cash on Deposit in Banks, amount in each: — 

First National Bank, Easton, $12,508 13 

National Bank of the Commonwealth, Boston, 52 04 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, . . $26,081 29 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., ( 9,617 38 
ending Oct. 31, 1887, J 2 per cent., ( 10,039 31 

Times for the dividends fixed by the by-laws : April 15 and October 15. 

Average annual per cent, of dividends for term ending at time of and in- 
cluding last extra dividend : 5 T 5 gV 

Date of the last extra dividend : April 15, 1884. 

Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 1,305 $108,151 45 

Number and amount of deposits of and exceeding $300 at any one 
time during the year ending Oct. 31, 1887, 77 46,832 46 



398 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 640 

Number of accounts opened during the year ending Oct. 31, 1887, . 255 
Number of accounts closed during the year ending Oct. 31, 1887, . 139 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 

Amount of treasurer's bond, 

Date of examination by commissioner : July 26. 



),584 16 



1,005 36 
10,000 00 



Total amount of Loans with each specified Rate of Interest. 



Amount. Rate. 


Amount. 


Rate. 


Amount. Rate. 


$ 47,000 00 
75,850 00 
24,800 00 


4| per cent. 

5 

5£ " 


$176,277 00 6 per cent. 

700 00 • 6A " 

i ^ 


$5,900 00 
1,400 00 


7 per cent. 
7h " 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $"200, 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$9,474 61 

11,354 96 

28,301 64 

114,169 52 

172,446 30 

203,242 23 

237,918 52 

3,706 62 

5,748 14 

41,748 35 



Schedule A — Detailed Statement of Public Funds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Bath, Me., 6s, . 
of Bangor, Me., 6s, . 
of Daj^ton, Ohio, 4s, 
of Columbus, Oh'o, 4s, 
Town of Randolph, Mass., 4s, 

of Marlborough, Mass., 4s, . 
of Beverly, Mass., 4s, . 
of Montague, Mass., 4s, 
of Greenfield, Mass., 4s, 
of Stoughton, Mass., 4s, 


$2,000 

8,000 

6,000 

6,000 

15,000 

1,000 

15,000 

10,000 

10,000 

8,000 


$2,000 00 

8,000 00 

6,000 00 

6,000 00 

15,000 00 

1,000 00 

15,000 00 

10,000 00 

10,000 00 

8,000 00 


$2,000 00* 

6,960 00* 

6,000 00 

6,000 00 

15,000 00 

1,000 00 

15,000 00 

10,000 00 

10,000 00 

8,000 00 




$81,000 


$81,000 00 


$79,960 00 



* These were legal investments when made. 



1888.] PUBLIC DOCUMENT — No. 8. 399 

Schedule B — Detailed Statement of Bank Stocks. 



O a> 

O C3 




Par Value. 


Estimated 

Market Value. 


Amount Invested. 


30 
25 

25 
25 
20 
25 
57 
78 
50 
25 
90 
25 
25 
25 
25 
25 
50 
38 
38 
7 
75 
100 
66 


Traders 1 Natl Bank, Boston, . 
Shoe & Leather Nl B'k, Boston, 
Tremont Natl Bank, Boston, . 
Market Natl Bank, Boston, . 
Natl Eagle Bank, Boston, 
New England Nl B'k, Boston, 
Natl Revere Bank, Boston, 
Everett Natl Bank, Boston, . 
Shawm ut Natl Bank, Boston, . 
Hamilton Natl Bank, Boston, 
North Natl Bank, Boston, 
Atlas Natl Bank, Boston, 
Atlantic Natl Bank, Boston, . 
State Natl Bank, Boston, 
Natl City Bank, Boston, . 
Manufacturers 1 Nl B^Boston, 
Nl Hide & Leather B'k, Boston, 
Nl B'k of Redemption, Boston, 
Bristol Co. Nl Bank, Taunton, 
Taunton Natl Bank, Taunton, 
Neponset Natl Bank, Canton, 
First Natl Bank, Easton, 
Lynn Natl Bank, Lynn, . 


$3,000 
2,500 
2,500 
2,500 
2,000 
2,500 
5,700 
7,800 
5,000 
2,500 
9,000 
2,500 
2,500 
2,500 
2,500 
2,500 
5,000 
3,800 
3,800 
700 
7,500 

10,000 
6,600 


$2,827 50 
2,525 00 
2,500 00 
2,293 75 
2,000 00 
3,650 00 
7,125 00 
7,566 00 
6,262 50' 
2,322 50 

11,790 00 
2,887 50 
3,337 50 
2,906 25 
2,656 25 
2,362 50 
5,725 00 
4,835 50 
5,700 00 
1,050 00 
9,750 00 

13,500 00 

11,220 00 


$2,880 00 
2,375 00 
2,700 00 
2,300 00 
2,180 00 
3,325 00 
6,726 00 
8,658 00 
5,800 00 
2,950 00 

10,485 00 
2,878 13 
3,750 00 
2,693 75 
2,765 63 
2,375 00 
5,500 00 
4,789 00 
4,560 00 
920 50 
8,100 00 

10,500 00 
9,578 25 




$94,900 


$116,792 75 


$108,789 26 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested 


Boston & Lowell R.R. 4s, 
Old Colony R.R. 4|s, 


$6,000 
1,000 


$6,000 00 
1,020 00 


$6,000 00 
1,000 00 




$7,000 


$7,020 00 


$7,000 00 



Commonwealth of Massachusetts. 

Bristol, ss., Nov. 19, 1887. 
Personally appeared P. A. Gifford, Treasurer of the North Easton Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, Geo. W. Kennedy, Justice of the Peace. 



400 BANK COMMISSIONERS' REPORT. [Jan. 

Commonwealth of Massachusetts. 
Bristol, ss. North Easton, Nov. 23, 1887. 

Personally appeared John H. Swain, W. K. Goward, Cyrus Lothrop, Win. J. Twohig 
and Geo. K. Davis, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the hank ; that the books 
and records of said institution indicate the state of affairs as above attested by their 
treasurer ; and that they believe said statement to be true. 

Before me, Geo. W. Kennedy, Justice of the Peace. 

Suffolk, ss. 
Personally appeared on this fourth day of January, A.D. 1888, Fred'k L. Ames, and 
made oath that the foregoing statement, by him subscribed, is true and correct, to the 
best of his knowledge, information and belief. 

Before me, James G. Harris, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8, 



401 



NORTH END SAVINGS BANK — BOSTON. 

Incorporated Feb. 17, 1870. Number of corporators, 25. 

Thomas L. Jenks, President. Hehbekt C. Wells, Treasurer. 

Wm. C. Williamson, Clerk. 

Names of committee charged with the investment of its funds : 



Thomas L. Jenks, 
Clinton' Yiles, 
Increase E. Notes, 
Nathaniel J. Rust, 



Wm. A. Holmes, 
Wm. Robinson, 
Wm. G. Shillarer, 
Fred. B. Taylor. 



Open for business every business day, 9 a.m. to 2 p.m. ; also Saturday, 6 to 8 p.m. 

Statement. 



Assets. 



Bank stock as per Schedule, 
Loans on hank stock, . 
Railroad bonds, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes) 

Deposits in banks, on interest, 
Expense account, 
Vault, furniture, etc., . 
Cash on hand, 



1 

1 
1 


$115,429 14 

10,625 00 

24,492 50 

400,725 75 

39,911 00 

7,500 00 
31,000 00 
1,278 39 
1,000 00 
1,507 34 


$633,469 12 



LlAUILITIKS. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



$610,169 84 

9,499 28 

13,800 OJ 



,469 12 



Loans on Bank Stock, amount on each : — 

On 10 shares Windham County National Bank, Brooklyn, Ct., 

On 25 shares Continental National Bank, Boston, 

On 107 shares Old Boston National Bank, Boston, 

On 8 shares Metropolitan National Bank, Boston, 

On 5 shares National Eagle Bank, Boston, . 

On 3 shares Central National Bank, Boston, 

On 2 shares Freeman's National Bank, Boston, 

On 2 shares Boylston National Bank, Boston, 

On 2 shares Atlas National Bank, Boston, 

On 2 shares Third National Bank, Boston, 

On 1 share Suffolk National Bank, Boston, . 



$800 00 
2,500 00 

6,225 00 



} 1,100 00 



Number of outstanding loans which are of an amount not exceeding $3,000 

each, 128 

Aggregate amount of the same, $182,336 75 



402 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Cash on Deposit in Banks, amount in each : — 

Metropolitan National Bank, Boston, §30,000 00 

National Security Bank, Boston, 1 000 00 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, 831,418 49 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 10,112 81 

ending Oct. 31,1887, I 2 per cent., i 10,780 94 

Times for the dividends fixed by the by-laws : January 1 and July 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 3,263 8271,166 73 

Number and amount of deposits of and exceeding 8300 at any one 

time during the year ending Oct. 31, 1887 237 13-5,421 48 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, ' 2,111 223,03183 

Number of accounts opened during the year ending Oct. 31, 1887, . 614 
Number of accounts closed during the year ending Oct. 31, 18S7, . 180 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 4,951 75 

Amount of treasurer's bond 10,000 00 

Date of examination by commissioner : January 18. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


81,000 00 

7,500 00 

30.000 00 

229,800 00 


3 per cent. 

3-9- " 
-,"10 

4 

5 " 


861,250 00 

128,924 00 

300 00 

16,087 75 


h\ per cent. 
6 

7 


S900 00 

2.700 00 

11,300 00 


7t 3 o P er cent - 
8 



Classification of Depositors'' Accounts. 



Whole number, 

Of 850 or less, 

Exceeding 850 and not more than $100, 
Exceeding 8100 and not more than 8'200, 
Exceeding 8200 and not more than 8500, 
Exceeding 85i0 and less than 81,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor 

To the credit of guardians, .... 

To the credit of religious and charitable associations, 

In trust, 




Amount. 



$9,260 64 

14,681 52 

31,219 90 

113,462 92 

170,776 94 

270,767 92 

143,408 10 

6,750 32 

11.027 93 

99,374 20 



1888.] 



PUBLIC DOCUMENT — No. 8. 



403 



Detailed Statement of Bank Stocks. 



o g 






Estimated 








Par Value. 






Amount Invested. 


fe £ 






Market Value. 




54 


Atlas Nat'l Bank, Boston, 


$5,400 


$6,264 


00 


$6,287 50 


24 


Boston Nat'l Bank, Boston, 


2,400 


2,856 


00 


2,892 50 


66 


Nat'l City Bank, Boston, . 


6,600 


7,144 


50 


7,394 62 


50 


First Nat'l Bank, Chelsea, 


5,000 


6,650 


00 


5,767 42 


25 


N IBank of Commerce, Boston, 


2,500 


3,037 


50 


3,111 87 


5 


Nat'l Bank of the Common- 












wealth, Boston, . 


500 


685 


00 


660 00 


85 


Nat'l Eagle Bank, Boston, 


8,500 


8,925 


00 


9,577 25 


38 


Eliot Nat'l Bank, Boston, 


3,800 


4,940 


00 


4,504 37 


20 


Everett Nat'l Bank, Boston, . 


2,000 


1,885 


00 


2,000 00 


2 


Faneuil Hall Nat'l B'k, Boston, 


200 


278 


50 


270 50 


20 


First Nat'l Bank, Boston, 


2,000 


4,435 


00 


3,970 00 


44 


Freeman's Nat'l Bank, Boston, 


4,400 


4,070 


00 


4,411 00 


25 


Globe Nat'l Bank, Boston, 


2,500 


2,312 


50 


2,502 25 


10 


N'l Hide & Leather B'k, Boston, 


1,000 


1,145 


00 


1,197 50 


24 


Howard Nat'l Bank, Boston, . 


2,400 


2,568 


00 


2,775 00 


88 


Market Nat'l Bank, Boston, . 


8,800 


8,074 


00 


8,994 24 


8 


Massachusetts N'l B'k, Boston, 


2,000 


2,050 


00 


2,011 25 


14 


Merchants' Natl Bank, Boston, 


1,400 


1,961 


75 


2,040 50 


45 


Metropolitan N'l Bank, Boston, 


4,500 


5,152 


50 


5,210 00 


11 


New England N'l B'k, Boston, 


1,100 


1,614 


25 


1.614 25 


52 


North Nat'l Bank, Boston, 


5,200 


6,867 


00 


7,030 50 


5 


Old Boston Nat'l Bank, Boston, 


250 


283 


75 


305 62 


4 


N'l B'k of Redemption, Boston, 


400 


509 


00 


501 00 


34 


Nat'l Revere Bank, Boston, 


3,400 


4,250 


00 


4,390 12 


25 


Second Nat'l Bank, Boston, 


2,500 


3,750 


00 


4,005 50 


37 


Shawmut Natl Bank, Boston, . 


3,700 


4,634 


25 


4,517 50 


46 


Shoe & Leather Nl B'k, Boston, 


4,600 


4.646 


00 


5,805 00 


10 


State Nat'l Bank, Boston, 


1,000 


1,157 


50 


1,237 50 


18 


Suffolk Natl Bank, Boston, . 


1,800 


2,065 


50 


2,137 25 


25 


Traders 1 Natl Bank, Boston, . 


2,500 


2,362 


50 


3,237 76 


5 


Third Nat'l Bank, Boston, 


500 


502 


50 


544 37 


26 


Tremont Nat'l Bank, Boston, . 


2,600 


2,626 


00 


3,360 25 


6 


Nat'l Union Bank, Boston, 


600 


870 


00 


847 50 


3 


Nat'l Webster Bank, Boston, . 


300 


310 


13 


317 25 




$96,350 


$110,882 63 


$115,429 14 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Maine R.R. 7s, . 
Maine Central R.R. 5s, 


$20,000 
4,000 


$22,600 00 
4,160 00 


$20,212 50 
4,280 00* 




$24,000 


$26,760 00 


$24,492 50 



* This bank has been notified that this investment is illegal and the bonds must be disposed of. 



404 BANK COMMISSIONED' REPORT. [Jan. 

Commonwealth of Massachusetts. 

Suffolk, ss., Nov. 16, 1887. 
Personally appeared Herbert C.Wells, Treasurer of the North End Savings Bank, and 
made oath that the foregoing statement, by bim subscribed, is a true and correct state- 
ment of all tbe resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Wm. C. Williamson, Justice of the Peace. 

Suffolk, ss., Nov. 16, 1887. 
Personally appeared Clinton Viles, Increase E. Noyes, William Robinson, William 
G. Shillaber and Thomas L. Jenks, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the bank ; 
that. the books and records of said institution indicate the state of affairs as above 
attested by their treasurer ; and that they believe said statement to be true. 

Before me, Wm. C. Williamson, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



405 



NORTH MIDDLESEX SAVINGS BANK — AYER. 

Incorporated March 11, 1885. Number of corporators, 26. 

Benj. H. Hartwell, President. H. E. Spaulding, Treasurer. 

James R. Gray, Clerk. 

Names of committee charged with the investment of its funds : 
Benj. H. Hartwell, Alfred Page, 

Andrew Atwood, E. C. Willard. 

L. J. Spaulding, 

Open for business every business day, 9 to 11 a.m., 12.30 to 4 p.m. 
Statement. 



Assets. 


Liabilities. 


Loans on bank stock, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), . . 
Deposit in bank, on interest, 
Deposit in bank, not on interest, 
Expense account, 
Interest account, 


$2,000 00 
54,736 00 
18,900 00 

2,500 00 I 

1,000 00 

97 99 

12 90 

102 64 


Deposits, . 
Guaranty fund, 


$79,099 53 
'250 00 




$79,349 53 


$79,349 53 



Loans on Bank Stock, amount on each : — 

On 10 shares First National Bank, Winchendon, $1,000 00 

On 13 shares First National Bank, Aver, 1,000 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 40 

Aggregate amount of the same, $47,842 40 

Casb on Deposit in Bank : — 
First National Bank, Ayer . . . . $1,097 99 

Whole amount of interest or profits received or earned during year ending 

Oct, 31, 1887, $2,792 88 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 907 20 

ending Oct. 31, 1887, J 2 per cent., 1 1,203 77 

Times for the dividends fixed by the by-laws : January 5 and July 5. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887 749 $52,264 81 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 36 17,782 54 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887, 324 30,614 98 

Number of accounts opened during the year ending Oct. 31, 1887, . 260 
Number of accounts closed during the year ending Oct. 31, 1887, . 97 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 403 75 

Amount of treasurer's bond, 10,000 00 

Date of examination by commissioner: August 4. 



406 



BANK COMMISSIONERS' REPORT. 



[Jan, 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. Rate. 


Amount. Rate. 


Amount. 


Rate. 


^1,000 00 2 per cent. 
39,250 00 1 5 " 


816,450 00 a£ per cent. 


822,436 00 | 6 per cent. 



Classification of Depositors' 1 Accounts. 



Whole number, ...... 

Of $5Q or less 

Exceeding §50 and not more than 8100, 
Exceeding 8100 and not more than 8200, 
Exceeding §200 and not more than 8500, 
Exceeding 8500 and less than 81,000, . 

Of 81,000 or more, 

To the credit of women, both adult and minor 
To the credit of guardians, .... 
To the credit of religious and charitable associat 
In trust, 



ons, 



Number. 



519 

211 

88 

97 

82 

32 

9 

22-5 

9 

2 

29 



Amount. 



83.740 33 

6,217 88 

13,622 71 

25,676 25 
20,4-54 42 

9.3S7 94 
29.S73 87 

1,394 13 
252 00 

5,540 94 



Commonwealth of Massachusetts. 
Middlesex, ss. Ayer, Nov. 15, 1887. 

Personally appeared H. E. Spaulding, Treasurer of the Xorth Middlesex Savings Bank, 
and made oath that the foregoing statement, by him subscribed, is a true and correct 
statement of all the resources and liabilities of said institution, and that the answers 
made by him to the foregoing interrogatories contain the whole truth in reference 
to the matters to which they relate, according to his best knowledge and belief. 

Before me, Warren H. Atwood, Justice of the Peace. 



Middlesex, ss. Ateu, Nov. 17, 1S87- 

Personally appeared Andrew Atwood, Levi Wallace, Daniel W. Fletcher, Benj. H. 
Hartwell and Geo. G. Osgood, being five or more of the trustees of said corporation, 
and severally made oath that they have made an examination of the affairs of the 
bank ; that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Wakrex H. Atwood, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



407 



ORANGE SAVINGS BANK — ORANGE. 

Incorporated 1871. Number of corporators, 118. 

John W. Wheeler, President. Wauren M. Kino, Treasurer. 

Warren M. King, Clerk. 

Names of committee chargedjwith the investment of its funds : 
Geo. A. Whipple, W. S. Ballou, 

R. D. Chase, F. L. Waters. 

T. E. Bridge, 

Open for business every business day, 9 a.m. to 4 p.m. 
Statement. 



Assets. 



Public funds as per Schedule A, 
Bank stock as per Schedule B, 
Loan on bank stock, . 
Railroad bonds, . 
Loans on real estate, . 
Loans on personal security, 
Loans to counties, cities or towns 

(notes), .... 
Deposit in bank, on interest, 
Expense account, 



$30,800 00 

40,4(S0 00 

1,700 00 

41.920 00 

254.508 70 

101,140 00 

6 500 00 

16, 1 (SO 14 

2:33 62 



$493,442 46 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 



I 



$479,-512 78 
4,7'29 68 
9,200 00 



$493,412 46 



Loan on Bank Stock : — 
On 19 shares Orange National Bank, Orange, $1,700 00 

Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 197 

Aggregate amount of the same 154,548 70 

Cash on Deposit in Bank : — 
Orange National Bank, Orange, $16,180 14 

Whole amount of interest or profits received or earned during year ending 

Oct. 31,1887, $22,80102 

Rate and amount of each semi-annual dividend for the year J 2 per cent., j 8,499 26 

ending Oct. 31. 1887, J 2 per cent., 1 8,617 31 

Times for the dividends fixed by the by-laws : February 1 and August 1. 
Number and amount of deposits (not including dividends) received 

dming the year ending Oct. 31, 1887, 1,972 $112,-540 63 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 97 47,326 91 

Number and amount of withdrawals (including dividends) during 

the year ending Oct. 31, 1887 1,133 95,991 84 

Number of accounts opened during the year ending Oct. 31, 1887, . 39-5 
Number of accounts closed during the year ending Oct. 31, 1887, . 243 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 1,010 46 

Amount of treasurer's bond, 20,000 00 

Date of examination by commissioner : October 5. 



408 



BANK COMMISSIONERS' EEPORT. 



[Jan, 



Total amount oj Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


S16,180 14 
6,500 00 


2 per cent. 
4£ " 


$311,815 00 
15,000 00 


5 per cent. 

oh " 


$30,533 70 


6 per cent. 



Classification of Depositors' 1 Accounts. 



Number. 



Amount. 



Whole number, 

Of .$50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 

Of $1,000 or more 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 




$14,199 86 

17,865 41 

35,840 54 

120,125 07 

171.469 28 

120,012 62 

177,945 42 

5,541 61 

6,304 25 

5,066 17 



Schedule A — Detailed Statement of Public Funds. 



' 


Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Manchester, N. H., 4s, 
of Gardiner, Me., 4s, 
of Lynn, Mass., 6s, . 
of Aubnrn, Me., 6s, . 
of Brockton, Mass., 5s, . 


$15,000 
6,000 
3,000 
1,100 
5,000 


$15,300 00 
6,000 00 
3,450 00 
1,122 00 
5,650 00 


$15,000 00 
6,000 00 
3,300 00 
1,100 00 
5,400 00 




$30,100 


$31,522 00 


$30,800 00 



Schedule B — Detailed Statement of Bank Stocks. 



V- CO 

O o 






Estimated 




O = 




Par Value. 




Amount Invested. 


fc 5 






Market Value. 




10 


First ETat'l Bank, Springfield, . 


$1,000 


$1,550 00 


$1,470 00 


10 


Third Natfl Bank, Springfield, 


1,000 


1,750 00 


1,750 00 


3 


Union Market N?l B'k, Water- 










town, ..... 


300 


417 00 


360 00 


4 


First Nat'l Bank, Chelsea, 


400 


548 00 


460 00 


15 


Atlas Nat 1 ! Bank, Boston, 


1,500 


1,755 00 


1,755 00 


5 


Boylston Natl Bank, Boston, . 


500 


650 00 


580 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 

Schedule B — Concluded. 



409 



O 0) 






Estimated 




6 a 




Par Value. 




Amount Invested. 


* % 






Market Value. 




o 

i) 


Central Nat'l Hank, Boston, . 


$B00 


$390 00 


$200 00 


6i> 


Eliot Nat'l Bank, Boston, 


6,500 


8,385 00 


7,781 00 


4 


Everett Nat'l Bank, Boston, . 


400 


400 00 


400 00 


20 


First Ward Nat'l Bank, Boston, 


2,000 


2,600 00 


1,882 00 


5 


N'l Hide & Leather B'k, Boston, 


500 


580 00 


570 00 


20 


Manufacturers' N'l B'k, Boston, 


2,000 


2,000 00 


2,000 00 


10 


North Nat'l Bank, Boston, 


1,000 


1,320 00 


1,220 00 


11 


N'l B'k of No. America, Boston, 


1,100 


1,155 00 


1,122 00 


30 


Tremont Nat'l Bank, Boston, . 


3,000 


3,0G0 00 


3,060 00 


25 


Nat'l Webster Bank, Boston, . 


2,500 


2,575 00 


2,550 00 


on 
OO 


Franklin Co. N'l Bank, Green- 










field, 


3,300 


3,300 00 


3,300 00 


100 


Orange Nat'l Bank, Orange, . 


10,000 


13,000 00 


10,000 00 




$37,300 


$45,435 00 


$40,460 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Boston & Albany R.R. 6s, 

Old Colony R.R. 6s, 

Conn. & Passunrpsic Rivers R.R. 7s, 

Fitehburg R.R. 5s, . 


$10,000 

1,000 

10,000 

18,000 


$11,200 00 

1,130 00 

10,900 00 

18,720 00 


$11,200 00 
1,100 00 
10,900 00* 
18,720 00 




$39,000 


$41,950 00 


$41,920 00 






Commonwealth of Massachusetts. 
Franklin, ss. Orange, Nov. 14, 1887. 

Personally appeared Warren M. King,'Treasurer of the Orange Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Edward C. Fowler, Justice of the Peace. 

Franklin, ss. Orange, Nov. 14, 1887. 

Personal ly appeared John W. Wheeler, Geo. A. Whipple, Charles A. Townc, W. S. 
Ballon and A. J. Fisher, being five or more of the trustees of said corporation, and 
severally made oath that they have made an examination of the affairs of the bank; 
that the books and records of said institution indicate the state of affairs as above 
attested by their treasurer; and that they believe said statement to be true. 

Before me, Edward C. Fowler, Justice of the Peace. 

* This was a legal investment when made. 



410 



BANK COMMISSIONEES' REPOET. 



[Jan. 



PALMER SAVINGS BANK— PALMER. 

Incorporated 1870. Number of corporators, 40. 

C. L. Gardner, President. L. E. Moore, Treasurer. 

S. S. Taft, Clerk. 

Names of committee charged with the investment of its funds : 
Exos Calkins, T. D. Potter, 



Henry G. Loomis, 
C- L. Gardner, 



George Moores. 



Open for business every business day, 9 a.m. to 12 m., and 1 to 3 p.m. 

Statement. 



Assets. 


Liabilities. 


Public funds as per Schedule A, 


$39,700 00 


Deposits, . 


$ S97.909 33 


Bunk stock as per Schedule B, . 


57,93-") 00 


Earnings undivided, 


f>,907 21 


Loans on tank stock, . 


10,400 00 


Guaranty fund, 


17,100 00 


Railroad bonds, .... 


72,000 00 






Real estate (for bamdng pur- 








poses), 


18,100 00 






Loans on real estate, . 


464,907 60 






Loans on personal securitv, 


215,-584 77 






Loans to counties, cities or towns 








(notes), . , . 


5,142 88 






Deposit in bank, on interest, 


32,682 41 






Expense account, 


1,224 59 






Loans on depositors' books, 


685 00 






Cash on hand, .... 


2,554 29 








$920,916 54 


$920,916 54 



Loans on Bank Stock, amount on each : — 

On 56 shares Palmer National Bank, Palmer, $5,400 00 

On 55 shares Stafford National Bank, Stafford, Ct., 5,000 00 

Invested in real estate (for banking purposes), ...... $18,10000 

Estimated value of the same, 18,100 00 

Assessed value of the same, 9,900 00 

Net income received from same during year ending Oct 31, 1S87, . . 697 03 
Number of outstanding loans which are of an amount not exceeding $3,000 

each 350 

Aggregate amount of the same, 359,043 35 

Cash on Deposit in Bank : — 
Palmer National Bank, Palmer, $32,6S2 41 

Whole amount of interest or profits received or earned during year end- 
ing Oct. 31, 1887, $45,732 67 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., f 15,506 08 
ending Oct. 31, 1887 ) 2 per cent., 1 16,398 05 

Times for the dividei.ds fixed by the by-laws : January 1 and July 1. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



411 



Number and amount of deposits (not including dividends) received dur- 
ing the year ending Oct. 31, 1887, 2,379 $228,867 02 

Number and amount of deposits of and exceeding $300 at any one time 

during the year ending Oct. 31, 1887 175 120,406 16 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 1,416 170,409 68 

Number of accounts opened during the year ending Oct. 31, 1887, . 616 
Number of accounts closed during the year ending Oct. .31, 1887, . 399 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 2 485 35 

Amount of treasurer's bond 20,000 00 

Date of examination by commissioner : February 28. 



Total amount of Loans with each specified Rate oj Interest, including 
Deposits in Banks on Interest. 



Amount. 


Rate. 


Amount. 


Rate. 


Amount. 


Rate. 


$32,682 41 

31,470 00 

309,044 38 


2£ per cent. 

4 " 

5 " 


$52,523 04 
279,977 83 


5£ per cent. 
6 


$2,655 00 
21,050 00 


6£ per cent. 

7 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, 
Exceeding $2i>0 and not more than $500, 
Exceeding $500 and less than $1,0U0, . 

Of $1,000 or more, 

To the credit of women, both adult and minor, 
To the credit of guardians, .... 
To the credit of religious and charitable associations, 
In trust, 



$14,379 82 

19,446 68 

49,102 85 

165,150 61 

292,810 80 

357,018 57 

340,137 18 

8,216 06 

18,517 24 

66,305 80 



Schedule A — Detailed Statement of Public Funds. 








Par Value. 


Estimated 
Market Value. 


Amount Invested. 


City of Lynn, Mass., 3Js, 

of Bridgport, Ct., 3*s, 
County of Hampden, Mass , 3s, 


$10,000 
20,000 
10,000 


$9,600 00 

19,200 00 

9,500 00 


$10,000 00 

20,000 00 

9,700 00 




$40,000 


$38,300 00 


$39,700 00 



412 



BANK COMMISSIONERS' REPOKT. 



[Jan. 



Schedule B — Detailed Statement of Bank Stocks. 





w 




Par Value. 


Estimated 
Market Value. 


Amount Invested. 


50 
25 
20 
23 
10 
50 
51 
33 
10 
7 
220 


Eliot Natl Bank, Boston, 
State Natl Bank, Boston, 
Suffolk Natl Bank, Boston, . 
Nl Bank of Commerce, Boston, 
Nl B'k of No. America, Boston, 
ChapinN 1 ! Bank, Springfield, . 
Agawam N'l Bank, Springfield, 
Monson Natl Bank, Monson, . 
Brockton Nl Bank, Brockton, . 
Ware Natl Bank, Ware, . 
Palmer Natl Bank, Palmer, . 


$5,000 
2,500 
2,000 
2,300 
1,000 
5,000 
5,100 
3,300 
1,000 
700 

22,000 


$6,400 00 
2,925 00 
2,290 00 
2,829 00 
1,050 00 
6,750 00 
6,375 00 
4,620 00 
1,120 00 
875 00 

26,400 00 


$6,250 00 
2,925 00 
2,200 00 
2,835 00 
1,000 00 
6,350 00 
6,375 00 
4,125 00 
1,000 00 
875 00 

24,000 00 




$49,900 


$61,634 00 


$57,935 00 



Railroad Bonds. 





Par Value. 


Estimated 
Market Value. 


Amount Invested. 


Fitchburg R.R. 4s, . 
Eastern "R.R. 6s, ... . 
Boston & Albany R.R. 7s, 
Boston & Maine R.R. 4s, . 


$20,000 
10,000 
20,000 
18,000 


$20,000 00 
12,200 00 
22,200 00 
18,360 00 


$20,400 00 
10,000 00* 
22,700 00 
18,900 00 




$68,000 


$72,760 00 


$72,000 00 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 15, 1887. 
Personally appeared L. E. Moore, Treasurer of the Palmer Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the mat- 
ters to which they relate, according to his best knowledge and belief. 

Before me, Wm. W. Leach, Justice of the Peace. 

Hampden, ss., Nov. 14, 1887. 
Personally appeared C. L. Gardner, George Moores, Enos Calkins, H. G. Loomis and 
Chas. B. Fisk, being five or more of the trustees of said corporation, and severally 
made oath that they have made an examination of the affairs of the bank ; that the 
books and records of said institution indicate the state of affairs as above attested 
by their treasurer; and that they believe said statement to be true. 

Before me, Wm. W. Leach, Justice of the Peace. 



* This was a legal investment when made. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



413 



PEOPLE'S SAVINGS BANK — HOLYOKE. 

Incorporated 1885. Number of corporators, 39. 

Win. Skinner, President. F. H. Chamrerlin, Treasurer. 

John J. Reardon, Clerk. 

Names of committee charged with the investment of its funds : 

William Skinner, Anderson Allyn, 

James H. Newton, John Tilley. 

James Ramage, 

Open for business every business day, 9 a.m. to 4 p.m., and Saturday evening, 7 to 8. 

Statement. 



Assets. 


Liabilities. 


Loans on bank stock, . 
Loans on real estate, . 
Loans on personal security, 
Deposit in bank, on interest, 
Cash on hand, .... 


$ 4,475 00 

99.9U0 00 

39,285 26 

5,123 88 

3,217 22 


Deposits, . 
Earnings undivided, 
Guaranty fund, 


$149,792 37 

1,817 95 

391 04 




$152,001 36 


$152,001 36 



Loans on Bank Stocks, amount on each : — 

On 30 shares Home National Bank, Holyoke, 

On 24 shares Franklin County National Bank, Greenfield, 



52,475 00 
2,000 00 



Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 37 

Aggregate amount of the same, $60,075 00 

Cash on Deposit in Bank : — 
Home National Bank, Holyoke, $5,123 88 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, $4,925 07 

Rate and amount of each semi-annual dividend for the year ) 2 per cent., J 1,825 53 

ending Oct. 31, 1887, } 2 per cent,! 2,355 51 

Times for the dividends fixed by the by-laws: May and November. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, 1,454 $123,302 68 

Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 113 66,244 96 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 569 67,780 56 

Number of accounts opened during the year ending Oct. 31, 1887, . 354 
Number of accounts closed during the year ending Oct. 31, 1887, . 179 
Amount of expenses of the corporation during the year ending Oct. 31, 1887, 463 74 

Amount of treasurer's bond 5,000 00 

Date of examination by commissioner: July 15. 



414 



BANK COMMISSIONERS' REPORT. 



[Jan. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Eate. 


Amount. 


Rate. 


Amount. 


Eate. 


$5,123 88 


4 per cent. 


$143,660 26 


5 per cent. 


- 


- 



Classification of Depositors^ Accounts. 



Number. 



Amount. 



Whole number, 

Of §50 or less 

Exceeding §50 and not more than §100, 
Exceeding $100 and not more than $200, 
Exceeding §200 and not more than §500, 
Exceeding §500 and less than §1,000, . 

Of §l,Ou0 or more, 

To the credit of women, both adult and minor, 

To the credit of religious and charitable associations, 

In trust, 




§2,486 90 

3,352 32 

10,516 63 

28,243 41 

46,940 83 

58,252 28 

46,565 54 

h66 21 

4,154 15 



Commonwealth of Massachusetts. 

Hampden, ss., Nov. 11, 1887. 
Personally appeared F. H. Chamberlin, Treasurer of the People's Savings Bank, and 
made oath that the foregoing statement, by him subscribed, is a true and correct state- 
ment of all the resources and liabilities of said institution, and that the answers made 
by him to the foregoing interrogatories contain the whole truth in reference to the 
matters to which they relate, according to his best knowledge and belief. 

Before me, John J. Reardon, Justice of the Peace. 

Hampden, ss., Nov. 11, 1887. 
Personally appeared Edwin L. Munn, J. J. O'Connor, J. E. Clark, E. P. Clark, James 
H. Newton and Win. Skinner (Nov. 25), being five or more of the trustees of said 
corporation, and severally made oath that they have made an examination of the 
affairs of the bank; that the books and records of said institution indicate the state 
of affairs as above attested by their treasurer; and that they believe said statement to 
be true. Before me, John J. Reardon, Justice of the Peace. 



1888.] 



PUBLIC DOCUMENT — No. 8. 



415 



PEOPLE'S SAVINGS BANK — WORCESTER. 

Incorporated May 13, 1864. Number of corporators, 197. 

Sam'l R. Heywood, President. Chas. M. Bent, Treasurer. 

Fred'k J. Barnard, Clerk. 

Names of committee charged with the investment of its funds : 
Sam'l R. Heywood, Edward W. Vaill, 

Calvin Foster, Warren Williams, 

A. N. Currier, Samuel D. Nye. 

Thos. M. Rogers, 

Open for business every business day except Saturday, 9 a.m. to 1 p.m., and 2 to 4 p m. 
Saturday 9 a.m. to 1 p.m., and 6 to 8 p.m. 

Statement. 



Assets. 



Public funds as per Schedule A, 

Loan on public funds, 

Bank stock as per Schedule B, . 

Loan on bank stock, . 

Raiiroad b aids, .... 

Loan on railroad bonds, 

Real estate (for banking pur- 
poses), 

Loans on real estate, . 

Loans on personal security, 

Loans to counties, cities or towns 
(notes), 

Deposits in banks, on interest, . 

Deposit in bank, not on interest, 

Expense account, 

Rent account, . 

Loans on depositors' books, 

Cash on hand, .... 



$550,885 00 

10,000 00 

750,099 00 

400 00 

543,257 00 

2,400 00 

87,500 00 
1,900,550 72 
1,027,970 85 

56,751 00 

40,848 07 

5,000 00 

2,330 25 

277 32 

250 00 

5,830 77 



$4,985,249 9S 



Liabilities. 



Deposits, . 
Earnings undivided, 
Guaranty fund, 
Suspense account, 



$4,800,137 86 

68,592 34 

116,214 68 

305 10 



1,985,249 98 



Loan on Public Funds : — 
On $10,000 United States 4s, $10,000 00 

Loan on Bank Stock : — 
On 5 shares First National Bank, Barre, $400 00 

Loan on Railroad bonds : — 

On $2,000 Maine Central R.R. bonds, j 

On $1,000 Leeds & Farmington R.R. bonds, } $ 2 ' 400 00 

Invested in real estate (for banking purposes), $87,500 00 

Estimated value of the same, 95,000 00 

Assessed value of the same, 59,000 00 



416 



BANK COMMISSIONERS' EEPOET. 



[Jan. 



Net income received from same during year ending Oct. 31, 1887, . . $3,589 14 
Number of outstanding loans which are of an amount not exceeding 

$3,000 each, 699 

Aggregate amount of the same, 849,635 00 

Cash on Deposit in Banks, amount in each : — 

Central National Bank, Worcester, $28,994 67 

National Bank of the Republic, Boston, 16,853 40 

Whole amount of interest or profits received or earned during year ending 

Oct. 31, 1887, . $218,768 20 

Rate and amount of each semi-annual dividend for the j'ear 1 2 per cent., J 87,423 50 

ending Oct. 31, 1887 J 2 per cent., 1 90,280 60 

Times for the dividends fixed by the by-laws : February 1 and August 1. 
Number and amount of deposits (not including dividends) received 

during the year ending Oct. 31, 1887, . . . . ■ . . 11,412 $927,469 48 
Number and amount of deposits of and exceeding $300 at any one 

time during the year ending Oct. 31, 1887, 623 387,554 20 

Number and amount of withdrawals (including dividends) during the 

year ending Oct. 31, 1887, 7,918 812,014 99 

Number of accounts opened during the year ending Oct. 31, 1887, 1,999 
•Number of accounts closed during the year ending Oct. 31, 1887, 1,529 

Amount of expenses of the corporation during the year ending Oct. 31, 1887, 9,964 09 

Amount of treasurer's bond, . 30,000 00 

Date of examination by commissioner: October 6. 



Total amount of Loans with each specified Rate of Interest, including 
Deposits in Banks on Interest. 



Amount. 


Kate. 


Amount. 


Eate. 


Amount. 


Eate. 


$16,853 40 
23,994 67 
68,071 84 


2J per cent. 
3 " 
4 


$15,448 01 
562,517 00 
179,000 00 


4| per cent. 

4£ 

4§ " 


$2,037,890 72 

8,000 00 

127,395 00 


5 per cent. 

6 " 



Classification of Depositors' 1 Accounts. 




Amount. 



Whole number, 

Of $50 or less, ....... 

Exceeding $50 and not more than $100, 
Exceeding $100 and not more than $200, . 
Exceeding $200 and not more than $500, 
Exceeding $500 and less than $1,000, . 
Of $1,000 or more, ..... 

To the credit of women, both adult and minor, 

To the credit of guardians 

To t lie credit of religious and charitable associations, 
In trust, 



$60,828 62 

85,567 25 

216,099 01 

770,029 63 

1,410,661 26 

2,256,952 06 

2,100,113 00 

57,994 00 

93,552 00 

304,152 00 



1888.] 



PUBLIC DOCUMENT — No. 8. 



417 



Schedule A — Detailed Statement of Public Funds. 



Par Value. 



Estimated 
Market Value. 



Amount Invested. 



Town of Beverly, Mass., 4s, . 
City of Columbus, Ohio, Gs, . 
of Cleveland, Ohio, 6s, . 
of Charlestown, Mass., 6s, 
Town of Dalton, Mass., 4s, 
Distriet of Columbia (is, . 
City of Dover, N. 11., 6s, . 
Town of Holbrook, Mass., 4s, 
City of Indianapolis, Ind., 7.30s, 
of Indianapolis, Ind., 8s, 
of Lewiston, Me., 4s, 
of Milwaukee, Wis., 4s, 
County of Merrimack, N. H., 6s, 
City of Norwich, Ct., 5s, . 

of Portsmouth, 1ST. II., 4s, 
of Providence, K. L, 5s, 
of Scranton, Pa., 5s, 
of Scranton, Pa., 6s, 
of Scranton, Pa., 7s, 
County of Strafford, N. H., 4s, 
City of Worcester, Mass., 4s, 
of Worcester, Mass., 6s, 
Town of W^estboro', Mass., 5s, 



$10,000 
25,000 
14,000 

5,000 
20,000 
63,000 

3,000 
30,000 

7,000 
16,000 

1,500 
115,000 

2,500 
17,000 

5,000 

9,000 

5,000 

6,000 

10,000 

10,000 

100,000 

38,000 

2,000 



$514,000 



110,400 00 
28,250 00 
16,275 00 

5,462 50 
20,850 00 
69,930 00 

3,360 00 
31,200 00 

8,207 50 
19,280 00 

1,500 00 
117,875 00 

2,587 50 
20,060 00 

5,050 00 
10,192 50 

5,650 00 

6,975 00 

11,60 » 00 

10,050 00 

105,000 00 

41,800 00 

2,360 00 



$553,915 00 



$10,290 00 
28,429 00 
15,930 00 

5,444 00 
20,589 00 
69,809 00 

3,270 00 
31,650 00 

8,120 00 
19,200 00 

1,500 00 
115,625 00 

2,570 00 
19,940 00 

5,000 00* 
10,460 00 

5,384 00 

6,973 00 

11,627 00 

10,000 00 

104,320 00 

42,560 00 

2,195 00 



$550,885 00 



Schedule B — Detailed Statement of Bank Stocks. 



o 






Estimated 








Par Value. 






Amount Invested. 


55 






Market Value. 




64 


Atlas Natl Bank, Boston, 


$6,400 


$7,488 00 


$7,488 00 


94 


Atlantic Natl Bank, Boston, . 


9,400 


1 2,549 


00 


13,920 00 


125 


Blackstone Nl Bank, Boston, . 


12,500 


13,343 


75 


13,572 50 


8 


Boston Natl Bank, Boston, 


800 


952 


00 


904 00 


53 


Bovlston Natl Bank, Boston, . 


5,300 


6,916 


50 


6,542 00 


67 


Columbian Natl Bank, Boston, 


6,700 


8,475 


50 


8,308 00 


198 


Continental Natl B'k, Boston, 


19,800 


23,685 


75 


22,780 00 


95 


Eliot Natl Bank, Boston, 


9,500 


12,350 


00 


11,564 00 


94 


Everett Natl Bank, Boston, . 


9,400 


8,883 


00 


9,400 00 


50 


Faneuil Hall Nl Bank, Boston, 


5,000 


6,962 


50 


6,350 00 


238 


Freeman's Natl Bank, Boston, 


23,800 


22,015 


00 


26,720 00 


317 


Globe Natl Bank, Boston, 


31,700 


29,164 


00 


31,700 00 


16 


Hamilton Natl Bank, Boston, . 


1,600 


1.960 


00 


1,922 00 


249 


Manufacturers 1 Nl B'k, Boston, 


24,900 


23,530 


50 


24,900 00 


237 


Market Natl Bank, Boston, . 


23,700 


22,041 


00 


23,